CDLX - Cardlytics names new CEO updates Q2 revenue billings guidance

• Cardlytics ( NASDAQ: CDLX ) board appointed Karim Temsamani as CEO, effective Sep.1, 2022, succeeding co-founder and current CEO, Lynne Laube, who has announced her intention to retire.
• Laube will continue to serve on the Board until its 2023 annual meeting of stockholders and will remain a strategic advisor until May 2024 for facilitating a smooth transition.
• Most recently, Temsamani served as Head of Global Partnerships at Stripe.
• Also, the company updated its billings, revenue, and adjusted contribution guidance for the quarter ended June 30, 2022; billings is now estimated between $106.5 - $108.5M compared to $106 - $116M provided in May 2022 while revenue is now seen at $74.5 - $76.5M compared to $73-$80M earlier.
• Analysts consensus estimates for Q2 revenue stands at $76.92M.
• Adjusted contribution is seen ranging between $34 - $36M compared to $36.5-$40.5M earlier.
• Shares trading 1.4% down premarket.

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