Cardlytics Q3 2023 Earnings Presentation
20
Reconciliation of adjusted contribution
to adjusted EBITDA
Cardlytics Platform
Adjusted Contribution
Minus:
Delivery costs
Sales and marketing expense
Research and development expense
General and administration expense
Stock-based compensation expense
Restructuring and reduction of force
Adjusted EBITDA
Bridg Platform
Adjusted Contribution.
Minus:
Delivery costs
Sales and marketing expense
Research and development expense
General and administration expense
Stock-based compensation expense
Restructuring and reduction of force
Adjusted EBITDA
Consolidated
Adjusted Contribution
Minus:
Delivery costs
Sales and marketing expense
Research and development expense
General and administration expense
Stock-based compensation expense
Restructuring and reduction of force
Adjusted EBITDA
Mar 31,
2021
$24,341
3,938
13,202
6,218
12,175
(7,248)
($3,944)
$24,341
3,938
13,202
12,175
(7,248)
($3,944)
Jun 30,
2021
$27,603
4,837
16,665
8,481
16,454
(13,179)
($5,656)
$2,027
911
398
453
434
(158)
($11)
$29,630
5,748
17,063
8,934
16,888
(13,337)
($5,666)
Sept 30,
2021
$28,877
4,777
15,469
10,163
19,039
(15,627)
(713)
($4,231)
$2,748
1,613
1,264
978
1,034
(1,203)
($938)
$31,625
6,390
16,733
141
20,073
(16,830)
(713)
($5,169)
Dec 31,
2021
$40,854
4,618
17,435
10,531
15,708
(11,169)
$3,731
$3,178
1,809
1,564
1,280
1,376
(1,681)
($1,170)
$44,032
6,427
18,998
11,811
17,085
(12,849)
$2,560
Mar 31,
2022
$28,956
4,907
16,384
11,313
19,391
(12,382)
($10,657)
$3,819
1,626
1,264
978
1,034
(1,203)
$120
$32,775
6,533
17,648
2,291
20,425
(13,585)
($10,537)
Three Months Ended
Jun 30,
2022
$29,867
6,311
20,908
11,936
21,232
(13,944)
(958)
($15,618)
$5,258
1,851
1,075
1,645
(248)
1,102
($167)
$35,125
8,162
21,983
13,581
20,984
(12,842)
(958)
($15,785)
Sept 30,
2022
$29,886
7,623
16,529
11,682
19,558
(5,302)
(7,530)
($12,674)
$5,257
1,502
1,760
2,080
414
(465)
($34)
$35,143
9,125
18,289
13,762
19,972
(5,767)
(7,530)
($12,708)
Dec 31,
2022
$34,272
5,271
14,484
13,002
19,070
(12,309)
347
($5,593)
$5,720
1,312
2,341
1,799
995
(183)
($544)
$39,992
6,583
16,825
14,801
20,065
(12,492)
347
($6,137)
Mar 31,
2023
$25,855
4,693
11,547
10,327
13,330
(8,103)
($5,939)
$5,092
1,731
2,401
1,237
(260)
135
($152)
$30,947
6,424
13,948
11,564
13,070
(7,968)
($6,091)
(Amounts in thousands)
Jun 30,
2023
$31,640
5,217
12,834
13,399
15,117
(10,605)
($4,322)
$5,891
1,798
2,371
1,448
1,159
(1,134)
$249
$37,531
7,015
15,205
14,847
16,276
(11,739)
($4,073)
Sept 30,
2023
$37,053
5,510
12,041
11,046
14,874
(9,127)
$2,709
$5,808
1,502
2,120
1,384
687
(1,122)
$1,237
$42,861
7,012
14,161
12,430
15,561
(10,249)
$3,946View entire presentation