Exceeding High End of Q4 Guidance
Cardlytics exceeded the high end of their guidance across all metrics for Q4 2024 due to higher-than-expected pipeline wins and improved platform delivery.
New Partnerships and Market Expansion
Signed a new Neobank partner in Q4, one of the fastest growing fintechs in the U.S., and expanded with a large FI partner in the U.S., reaching all eligible card members.
UK Market Growth
The UK market showed strong double-digit revenue growth at 27.2% in Q4, driven by increased module supply and consumer engagement.
Platform Delivery Improvements
Sequential improvements in delivery from Q3, with campaign budgets being consumed more predictably and improved platform efficiency.
Positive Adjusted EBITDA for Full Year
Annual adjusted EBITDA was $2.5 million positive for the second time on a full-year basis despite top-line billings being negative 0.7% year-over-year.
Improved Financial Management
Operating cash flow was positive $3 million in Q4, with free cash flow improving by $2.4 million from the prior quarter.