secwatch.observer — SEC 8-K summary
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Issuer:     Cardlytics, Inc. (CDLX)
CIK:        0001666071
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001628280-26-032076
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cardlytics Q1 revenue $34.3M (-39% YoY); net loss narrows to $4.5M; adj EBITDA positive $0.2M
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- Revenue $34.3M, down 39% YoY from $56.4M; net loss $(4.5)M ($0.08/share) vs $(13.3)M ($0.26) in Q1 2025.
- Adjusted EBITDA $0.2M vs $(4.1)M year ago; first positive quarter; adjusted contribution $19.7M (-28% YoY).
- Completed divestiture of Bridg on March 24, 2026 and subsequently liquidated PAR shares to bolster balance sheet.
- Q2 2026 guidance: revenue $35-40M, billings $61-67M, adjusted EBITDA ($2.7M)-$1.3M.
- Monthly qualified users 197M (-8% YoY); adjusted contribution per user $0.10 vs $0.13.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1666071/000162828026032076/0001628280-26-032076-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1666071/000162828026032076/cdlx-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-032076

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer