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cardlytics Exhibit 99.1 Cardlytics Announces Third Quarter 2021 Financial Results Atlanta , GA - November 2 , 2021 - Cardlytics , Inc. ( NASDAQ : CDLX ) , a digital advertising platform , today announced financial results for the third quarter ended September 30 , 2021. Supplemental information is available on the Investor Relations section of Cardlytics ' website at http://ir.cardlytics.com/ . " We had a solid quarter and delivered results above our guidance , " said Lynne Laube , CEO & Co - Founder of Cardlytics . " Execution remains our primary focus , and we have the team and resources to achieve our financial goals , be a strategic partner for our banks and continue our progress on our product and technology initiatives . " " We saw the core business strengthen through the quarter as we achieved sequential billings growth each month , " said Andy Christiansen , CFO of Cardlytics . " We remain focused on the things we can control - developing and maintaining strong relationships with all of our partners and developing a technology platform that will unlock the massive potential of our channel . " Third Quarter 2021 Financial Results . Revenue was $ 65.0 million , an increase of 41 % year - over - year , compared to $ 46.1 million in the third quarter of 2020 . Billings , a non - GAAP metric , was $ 98.4 million , an increase of 59 % year - over - year , compared to $ 62.1 million in the third quarter of 2020 . Gross profit was $ 24.5 million , an increase of 68 % year - over - year , compared to $ 14.6 million in the third quarter of 2020 . Adjusted contribution , a non - GAAP metric , was $ 31.6 million , an increase of 60 % year - over - year , compared to $ 19.7 million in the third quarter of 2020 . Net loss attributable to common stockholders was $ ( 44.5 ) million , or $ ( 1.35 ) per diluted share , based on 33.1 million weighted - average common shares outstanding , compared to a net loss attributable to common stockholders of $ ( 15.4 ) million , or $ ( 0.56 ) per diluted share , based on 27.3 million weighted - average common shares outstanding in the third quarter of 2020 . Non - GAAP net loss was $ ( 11.0 ) million , or $ ( 0.33 ) per diluted share , based on 33.1 million weighted - average common shares outstanding , compared to a non - GAAP net loss of $ ( 4.5 ) million , or $ ( 0.16 ) per diluted share , based on 27.3 million weighted - average common shares outstanding in the third quarter of 2020 . Adjusted EBITDA , a non - GAAP metric , was a loss of $ ( 5.2 ) million compared to a loss of $ ( 0.6 ) million in the third quarter of 2020 . Key Metrics • Cardlytics MAUS were 170.6 million , an increase of 6 % , compared to 161.6 million in the third quarter of 2020 . Cardlytics ARPU was $ 0.36 , an increase of 24 % , compared to $ 0.29 in the third quarter of 2020 . Bridg ARR was $ 12.7 million in the third quarter of 2021 . Definitions of MAUS , ARPU and ARR are included below under the caption " Non - GAAP Measures and Other Performance Metrics . " Fourth Quarter 2021 Financial Expectations Cardlytics anticipates billings , revenue , and adjusted contribution to be in the following ranges ( in millions ) : Billings ( ¹ ) Revenue Adjusted contribution ( 2 ) Q4 2021 Guidance $ 105.0 $ 120.0 $ 70.0 - $ 80.0 FY 2021 Guidance $ 33.0 - $ 38.0 $ 365.1 - $ 380.1 $ 247.1- $ 257.1 $ 118.6 $ 123.6 ( 1 ) A reconciliation of billings to GAAP revenue on a forward - looking basis is presented below under the heading " Reconciliation of Forecasted GAAP Revenue to Billings . " ( 2 ) A reconciliation of adjusted contribution to GAAP gross profit on a forward - looking basis is not available without unreasonable efforts due to the high variability , complexity and low visibility with respect to the items excluded from this non - GAAP measure .