secwatch.observer — SEC 8-K summary
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Issuer:     Cardlytics, Inc. (CDLX)
CIK:        0001666071
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001666071-25-000156
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cardlytics Q3 revenue $52M (-22% YoY); net loss $72.7M, adj EBITDA positive $3.2M
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- Revenue $52.0M, down 22% YoY; net loss $72.7M ($1.36/share) improved from $145.2M loss in Q3 2024.
- Adjusted EBITDA $3.2M vs $(1.8)M in Q3 2024; Adjusted Contribution $30.0M (down 17% YoY).
- MQUs 230.3M (+21% YoY) but ACPU fell to $0.11 from $0.16.
- Q4 guidance: Billings $86M-$96M, Revenue $51.1M-$59.1M, Adj EBITDA $0.9M-$7.9M.
- CEO Amit Gupta cites 'decisive action to reset business' and return to growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1666071/000166607125000156/0001666071-25-000156-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1666071/000166607125000156/cdlx-20251105.htm
  HTML page:      https://secwatch.observer/filing/0001666071-25-000156

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