Cardlytics Q2 revenue down 9% to $69.6M, CEO Temsamani resigns, Gupta appointed

Cardlytics, Inc.

2024-Q2 EPS reported -$0.62 revenue$137,244,000

Q2 2024: Revenue $69.6M (-9% YoY); net loss $4.3M vs $23.5M loss YoY; adjusted EBITDA loss $2.3M.
Billings $110.4M (+1% YoY); MAUs 165.5M (+3% YoY).
Q3 2024 guidance: Revenue $56-63M (-29% to -20% YoY); Adjusted EBITDA loss $6.0-3.5M.
CEO Karim Temsamani resigns effective Aug 16; COO Amit Gupta appointed CEO and to Board.
Gupta previously COO and GM of Bridg; was with Stripe and Google; Temsamani departure not due to disagreement.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Amit Gupta

member of the Board of Directors

CDLX · Cardlytics, Inc.

Effective: 2024-08-16
Filed: August 7, 2024, 7:59 PM ET

the Board also approved the appointment of Mr. Gupta to the Board, effective as of the Effective Date.

Departed

Karim Temsamani

Chief Executive Officer

CDLX · Cardlytics, Inc.

Effective: 2024-08-16
Successor: Amit Gupta
Filed: August 7, 2024, 7:59 PM ET

Karim Temsamani notified the Company of his intent to resign as the Company’s Chief Executive Officer and as a member of the Board of Directors of the Company (the “Board”), each effective as of August 16, 2024

Role change

Amit Gupta

Chief Executive Officer

CDLX · Cardlytics, Inc.

Effective: 2024-08-16
Filed: August 7, 2024, 7:59 PM ET

the Board approved the appointment of Amit Gupta, currently the Company’s Chief Operating Officer, as the Company’s Chief Executive Officer and principal executive officer, each effective as of the Effective Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Amit Gupta was appointed as member of the Board of Directors at Cardlytics, Inc..

Action: appointed
Role: member of the Board of Directors

Exact text from the filing

the Board also approved the appointment of Mr. Gupta to the Board, effective as of the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Karim Temsamani resigned as Chief Executive Officer at Cardlytics, Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

Karim Temsamani notified the Company of his intent to resign as the Company’s Chief Executive Officer and as a member of the Board of Directors of the Company (the “Board”), each effective as of August 16, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Amit Gupta was appointed as Chief Executive Officer at Cardlytics, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

the Board approved the appointment of Amit Gupta, currently the Company’s Chief Operating Officer, as the Company’s Chief Executive Officer and principal executive officer, each effective as of the Effective Date.

View on SEC.gov

Cardlytics, Inc. filing history →

Source: SEC EDGAR

accession 0001666071-24-000129

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