Cardlytics ($CDLX): 4Q24 Post-Earnings Analysis (Research Note #305)

Analysis of CDLX's latest earnings.

The following CDLX Research Note reviews the Q4 2024 earnings results, earnings call, and changes in the 10-K.

Topics include:

1. 4Q24 Results

2. 1Q25 Guidance

3. Full Year 2025 Guidance (including important changes over time)

4. AmEx (including a possible change in plans, specific new CDLX offers in AmEx, details related to the AmEx user experience, and thoughts on revenue timing)

5. New Partners (including additional comments by CDLX IR)

6. Delivery Issues (with discussions on Chase / CMS, financial impact, CMS under pricing, and more)

7. Large Advertisers (with an important detail)

8. CPG Offers (including considerations related to the past and vs CMS)

9. Bridg / Rippl (different numbers than on the call)

10. Other Areas (including new items in the 10-K).

I will also provide any follow-up thoughts or notes within the Substack Chat.

Voiceover

Below is a 1-hour voiceover discussing this latest CDLX Research Note: