Cardlytics ($CDLX): CDLX Report #90 - Current Offers, Advertisers, and Observations as of 5.4.2025 (Research Note #312)

New offer construct live, more details on BofA's non-renewal notice, new Chief Business Officer, confirmation of new neobank partner, clarification on disappearing offers, details on AmEx, and more.

Summary: A summarized version of this report can be accessed separately on Clarity Markets (for more info, see here).

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This week’s report includes:

1. New offer construct live (with a large advertiser)

2. More details on BofA's non-renewal notice

3. New Chief Business Officer (and considerations)

4. Confirmation of the new neobank partner

5. Clarification from CDLX on disappearing offers

6. Additional details on AmEx (related to tech and CDLX vs AmEx advertisers)

7. New and returning CDLX and CMS advertisers

and more.