CDLX Report: 11.30.2025

Returning advertisers, and updated WoW, QoQ, and YoY numbers.

This week’s report includes

1. Returning advertisers

2. Updated WoW, QoQ, and YoY numbers

   1. Total offers (and by bank and category)

   2. Total advertiser count

      1. New trend here in 4Q25 vs last quarter.

   3. Large and attractive advertisers

   4. CDLX vs CMS and AmEx-sourced offers %

   5. Redemptions

   6. Employee count and job listings

   7. and more

Also, I’ve been sharing additional notes and thoughts in the Substack Chat.