EarningsCDLX's 1Q results beat Street numbers on the top and bottom line, as new pipeline conversions and better execution resulted in a solid quarter.
Financial PerformanceThe balance sheet update was constructive and gives more confidence that there is enough runway for CDLX to execute on its turnaround.
Pricing StrategyThe adoption of engagement-based pricing increased to 61% of advertisers, up from 51% last quarter, with 90%+ new brands adopting this model in Q4, showing improved visibility.