---
schema_version: "secwatch.filing_event.v1"
accession: "0001666071-25-000124"
form_type: "8-K"
ticker: "CDLX"
cik: "0001666071"
company_name: "Cardlytics, Inc."
filed_at: "2025-08-06T23:59:59+00:00"
generated_at: "2026-05-17T19:35:36.820207+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cardlytics Q2 revenue down 9% YoY to $63.2M; net loss widens; Q3 guidance weak

## Summary
- Revenue $63.2M, -9% YoY; billings $104M, -6%; adjusted contribution $36.1M, -1%.
- Net loss $(9.3)M ($0.18/diluted share) vs $(4.3)M ($0.09) a year ago.
- Adjusted EBITDA improved to $2.7M from $(2.3)M; MQUs up 19% to 224.5M.
- Q3 guidance: billings $87-95M (-22% to -15%), revenue $52.2-$58.2M, adjusted EBITDA ($2.3M) to $2.7M.
- Free cash flow negative $(3.4)M vs $(0.4)M; ACPU fell to $0.14 from $0.16.

## SEC filing metadata
- accession: 0001666071-25-000124
- form_type: 8-K
- ticker: CDLX
- cik: 0001666071
- company_name: Cardlytics, Inc.
- filed_at: 2025-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1666071/000166607125000124/0001666071-25-000124-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1666071/000166607125000124/cdlx-20250806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001666071-25-000124
- JSON: https://secwatch.observer/filing/0001666071-25-000124.json
- Plain text: https://secwatch.observer/filing/0001666071-25-000124.txt

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