Cardlytics exceeded fourth-quarter expectations, and shares saw a slight increase.

ATLANTA - Cardlytics, Inc. (NASDAQ:CDLX) reported that its fourth-quarter earnings surpassed analyst expectations despite the challenges faced throughout 2024. Following the announcement, the company's stock rose by 1.5%.

The advertising platform provider reported an adjusted earnings per share of $0.00 for the fourth quarter, beating the analyst estimate of -$0.47. Revenue reached $74 million, exceeding the consensus estimate of $64.29 million, although this represents a 17% decrease compared to $89.2 million in the same quarter last year. A key metric for the company, total billings, fell by 11.9% year-over-year to $116.3 million. The monthly active user count (MAU) decreased by 0.4% to 167.3 million. CEO Amit Gupta expressed optimism for the future, emphasizing a commitment to long-term sustainable growth and competitive advantages.