CDLX - Cardlytics raises Q1'23 revenue guidance

2023-04-04 08:41:30 ET

• Cardlytics ( NASDAQ: CDLX ) was up ~20% Tuesday pre-market after the digital advertising platform raised its Q1'23 revenue guidance to between $63.5M and $66.5M from a range of $54.0M to $63.0M.
• The consensus revenue estimate is $57.94M.
• CEO Karim Temsamani said that their improved topline guidance is driven by better than expected growth in the U.S. business and product optimizations.
• Adjusted EBITDA guidance is raised to -$8.0M to -$5.0M from the previous guidance range of -$17.0M to -$10.0M.
• The company said its approach in managing cost structure, including implementing a $3.5M of one-time savings, during the quarter has driven the change in the adjusted EBITDA guidance range.
• Source: Press Release

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