---
schema_version: "secwatch.filing_event.v1"
accession: "0001666071-25-000067"
form_type: "8-K"
ticker: "CDLX"
cik: "0001666071"
company_name: "Cardlytics, Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T08:22:35.972320+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cardlytics Q1 revenue down 8% to $61.9M; net loss narrows; Q2 guidance mixed

## Summary
- Revenue $61.9M (-8% YoY); net loss $(13.3M) vs $(24.3M) prior year.
- Adjusted EBITDA turned negative at $(4.4M) vs positive $0.2M in Q1 2024.
- Billings $97.6M (-7%); Adjusted Contribution $32.4M (-12%).
- MQUs up 12% to 214.9M; ACPU fell to $0.13 from $0.17.
- Q2 guidance: Billings $100-108M, Adj EBITDA ($4.0)-$1.0M.

## SEC filing metadata
- accession: 0001666071-25-000067
- form_type: 8-K
- ticker: CDLX
- cik: 0001666071
- company_name: Cardlytics, Inc.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1666071/000166607125000067/0001666071-25-000067-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1666071/000166607125000067/cdlx-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001666071-25-000067
- JSON: https://secwatch.observer/filing/0001666071-25-000067.json
- Plain text: https://secwatch.observer/filing/0001666071-25-000067.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.