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Cardlytics Second Quarter 2026 Financial Results Driven By Strong Operational Performance

  • Cardlytics reported Q2 2026 revenue of $36.9 million, a 36% decrease year-over-year from $58.0 million in Q2 2025.
  • Q2 2026 billings totaled $65.5 million, down 34% from $98.8 million in the prior year period.
  • Adjusted Contribution for the quarter was $21.3 million, representing a 32% decline compared to $31.3 million in Q2 2025.
  • The company recorded a net loss of $(14.9) million for Q2 2026, widening from $(9.3) million in Q2 2025.
  • Adjusted EBITDA was $1.7 million in Q2 2026, a 43% decrease from $3.0 million in the same period last year.
  • Monthly qualified users (MQUs) fell 17% year-over-year to 185.4 million in Q2 2026.
  • Adjusted contribution per user (ACPU) decreased to $0.11 in Q2 2026 from $0.14 in Q2 2025.
  • Net cash used in operating activities was $(8.6) million in Q2 2026, compared to $1.2 million provided in Q2 2025.
  • Free cash flow for the quarter was $(10.7) million, an increase in the loss from $(3.4) million in Q2 2025.
  • The company announced Q3 2026 guidance projecting billings between $61.0 million & $67.0 million.
  • Q3 2026 revenue guidance is set between $34.0 million & $39.0 million.
  • Q3 2026 adjusted contribution guidance ranges from $20.0 million to $23.0 million.
  • Q3 2026 adjusted EBITDA guidance is projected between $0 & $3.0 million.
  • CEO Amit Gupta stated that margins improved every month during the quarter while adding new advertiser relationships.
  • CFO David Evans confirmed the company continues to execute its plan for sequential growth & self-sustainability.
  • The Bridg business was divested on March 24, 2026, with results presented as discontinued operations.
  • Cardlytics will host an earnings teleconference on August 5, 2026, at 5:00 PM ET.