Earnings Presentation Q1 2020

Appendix © 2020 Cardlytics Reconciliation of GAAP Revenue to Billings (unaudited) Revenue Plus: Consumer Incentives Billings Mar 31, 2018 $32,713 16,049 $48,762 Jun 30, 2018 $35,570 15,848 $51,418 Sept 30, 2018 $34,582 14,002 $48,584 Three Months Ended Mar 31, 2019 $35,988 Dec 31, 2018 $47,819 Jun 30, 2019 $48,730 22,397 22,562 25,046 $70,216 $58,550 $73,776 Sept 30, 2019 $56,419 26,373 $82,792 (Amounts in thousands) Dec 31, 2019 $69,293 31,642 $100,935 Mar 31, 2020 $45,509 22,267 $67,776 14

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