Swanson Investment Research

Swanson Investment Research

CDLX Report: 9.28.2025

Important CMS observation related to restaurant advertisers, and new and returning CDLX advertisers (including using the multi-tier offer construct).

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Austin Swanson
Sep 29, 2025
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This week’s report includes:

  1. Important CMS observation related to restaurant advertisers

  2. New and returning CDLX advertisers (including a new CDLX advertiser using the multi-tier offer construct in Chase, a feature CMS does not have)

and more.

I have also been sharing additional CDLX notes and thoughts in the Substack Chat (and the CDLX discussions are active among members).

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