CDLX Report: 1.25.2026

CDLX sells Bridg to PAR, and updated WoW, QoQ, and YoY numbers.

In this week’s report:

1. CDLX sells Bridg to PAR.

   1. I discuss the sale, and what this changes for CDLX.

2. Updated WoW, QoQ, and YoY numbers.

   1. Total offers.

   2. Total advertiser count.

   3. Large and attractive advertisers.

   4. CDLX vs CMS and AmEx-sourced offers %.

   5. and more.

Reminder: Additional notes and thoughts are shared in the Substack Chat (such as those that are more time sensitive).