CDLX - Earnings call transcript Q4 2021

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Operator

0:06 Good day and thank you for standing by. Welcome to the Cardlytics Fourth Quarter 2021 Earnings Conference Call. At this time, all participants are in listen-only mode. After the presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised today’s conference maybe recorded. Instructions]. [Operator now Kirk the Privacy Somers, would your over Officer. to today, host Chief like I conference hand to X:XX Legal and Please go ahead.

Kirk Somers

full and fourth call. evening, to year and Good results XXXX X:XX financial welcome quarter Cardlytics

priorities, first we achieve or contain statements increase and Users results, guidance will the beliefs, our Before today's expectations key about assumptions, the our forward-looking let financial everyone based ad me or that quarter, begin, MAUs future to discussion Monthly current to including connected on long-term server. our expectations ability remind financial in for performance Active our

replay travel Our for continued sufficiency position, are today adding of been new Today's vertical be with the available flow one financial improvement the discuss open XX% performance. XXXX end will factors the cash the actual for XK of that economic recovery press acquisitions maintaining Institutions our risk XXXX, the profile ARPU filed via as of our Financial by growth the XX, differ business to release SEC. the results during discussion, SEC. in cash COVID-XX for of banking the the anticipated growth will X:XX non-GAAP factors issued discussion and Revenue of For economy our in refer in we year or our Also and capital and from our end the positive to that on structure, GAAP this Average achieving and partners, entertainment user Bridg, the including reconciliations the experience, available Dosh, verticals and materially the information entertainment. and supplemental of XXXX, annual in rates, December of Bridg, in could impact and of of the FIs or within week. webcast across cause our with the company's Per the ended whole, please XXXX, ourmargin provided User, XXXX. risk calls has today's section momentum specific filed their the call, the Plans increase by benefits new content, a measures XXK

described website. X:XX Christiansen. can note Lynne Relations I've Investor the that Joining results just on a the Please information of and of are our quarter and Cardlytics the supplemental co-founder section us on Investor has our posted Cardlytics’ CEO CFO been You website. Relations presentation find Andy call today fourth to Laube also

that, call prepared open their With over Following turn me to questions. we'll to the remarks, Lynn. your let Lynn? the call

Lynne Laube

thank call. quarter you Thanks, joining us X:XX XXXX Kirk. And on to earnings year full conference fourth everyone for and our

increasing working ads include agencies, to pleased of We exceeded revenue platform advertising bringing Cardlytics year-over-year marketers the in year-over-year billing, of Cardlytics progress million and and continue strategic as our turn the to $XX new strategy. contribution the quarter. server our performance with to finishing strategic highlights increased to our fourth work priorities, being Billings are which million. XX.X% XX.X% and let's Now comes with some verticals adjusted strong $XX proud X:XX including our with evolving make bank Dosh and results as Bridg for Revenue new end year-over-year number we million. The our of of ad contribution. partners. us, the as to across and from our well increased $XXX execute solution which multi-year high XX.X% QX adjusted guidance to increased team manager strong integration year I'm the to continuing the with and the for the

number of in of in specific share and we to every verticals X:XX over travel. Cardlytics examples its ever billing all XXXX with budgets our me across verticals $X and growth of Our highest contributed year-over-year. advertisers some achieving XX% growing All over Let quarter what QX results reflect million except in year-over-year by accomplished. the ad vertical growth advertising sales QX

Our and has XX% are ad verticals to team our nearly BXC of realizing platform. direct-to-consumer had also expand grown another business Cardlytics of significant as our strong budget. Traditional represent a has our we like quarter, become restaurants synergies part

the which example, more agency the top quarter agency between fruit cross in is that For and a client result our ways a one. restaurant in of strategy was shows effort bearing our verticals, team than also

agreement and for secured XX platform our Cardlytics over turning XX advertisers QX the through clients due to Speaking their we their brings date In and more we're dollar ad we self-service with Agencies over capabilities XXXX, Cardlytics to broader us the for the can building. outcomes year. our than year added relationship. provide This of agencies the budgets new potential is indicative trend than of self-service Throughout agency table seeing. agency and performance XX doubled agency based QX. we're the more and to largest we increasingly contract to initiatives, annual plus multimillion advertisers are

positive Cardlytics base first more We focus XXXX. compared bank and budgets expect XX% XXXX hotel major airline in our travel every signs. Our included co-brand entertainment their Today partners compared budget. we continue to when But tailwinds to continue these travel as agencies the XXXX. from strategy client outcomes. still time, achievable is And are of on ad much diversified our X:XX and ad to measurable see to almost their for down

We expect throughout the to XXXX. continue consumer with combined help travel spending this trend vertical recovering improve a

company. to a XX% as budget our QX XX% QX QX trend XX QX due This always in top to contributing X impact similar XXX Our having customers is our a concentration in During also concentration. lowest And customer XXXX. our is of strategic positive compared to expansion of but lowest our from the XXX Concentration ad concentration expansion X:XX XXXX from saw X:XX QX customers. is we focus on our decreased we success. QX, XXXX of Revenue of seasonality, had on logo top with in to level on logos XXXX. ever platform logo marked in Cardlytics

small With lead the expand focus While of the into company main acquired has national X times results strong markets. and of have we team grow been than experience $XX our to and current a and the years stock revenue. million January our beginning to in opportunity focused US We're This been diversify cash acquisition named entertainment in continue an XXXXs We're on few mid a that years building with XXs the COVID. demand. scale, of a significantly see pleased we our markets impacted on multiple has expanding over relationships materially advertisers a of to business to Their for small content. announce now enables with across to foundation business. and us less with advertisers. business solely Entertainment local and mid our this past offer transaction with by

plan partners Our Additionally, bank launch experience. the to us roll-up still once and think hesitant is are other use but their banks we help X:XX new our content. data, want share content who penetrate ad new will server this entertainment the Cardlytics our on platform user content local

of the manager. we are As our last XXX% announced connected quarter, to MAUs in new ads US the nearly

than of ad to ad manager server optimizing So new less campaigns server connected X% the our today. on MAUs our partners. the We've we've to of adoption at and our built ad bank our shifted focus

each capabilities Our end our continue partners the experience, and will The the We time. aggressive of of our to our precise the MAUs bank X:XX partners quarter. time launch excited estimates bank year. and goal be starting a this clearer server. more In lot is to by to get updates, at about product plan unlocked are our have technology benefits be our need ad XX% to initiatives that connected but become difficult to of of by

pilot and product ad level As offers the in you a know is running of launched one bank currently new server QX.

size a of manufacturers, in while proving early of We small, out sample means are go results budgets was I'd the meaningful is for we also point situation. spend increasing to saw overall impressive. that lift a sales. While seeing like after and their to lift in trips can This XX.X% we're X.X%. basket the win-win stores lift basket

the similar or additional our with vertical, rates data We the pilot of for Bridg X:XX amazing rates more to portion POS data a highest has the server activation to gain throughout potential and average restaurant this things. see There we to this thought platform. we updates use years, which launch addition, on and continue more ad are acquisition. In activation continue we

Bridg While faster than did prior in stage with ARR remains from the X Overall integration pipeline XX% grew affect our CPG is X QX, conversion. the acquisition process and the quarters of which Bridg line and more sequentially includes expectations. to timing much QX extremely grocery. opportunities and and and prospect late strong

product, its mentioned in with we channel is chain us this continue based this and movie This X:XX sector this we XXXX Bridg live expect We we large now with and scheduled entertainment like momentum publishers to entering into under the performance find quarter. this program contract makes only year. last XX theater industry. the have later to With quarter, launch the XX a and us publishers

partner launch the in a year to Marquee QX. despite Dosh the Additionally, scheduled delay, last mentioned we program is

long-term partners our and to new year-over-year of UK they posted X:XX MAUs. QX. enable growth these further our XX% While us billings only represent MAU in diversify Our growth opportunity with portion base business base today, a represent small

banking was to COVID. a large hit particularly of track initiative growth of other million a our by aided we've it half The second banking QX. members the open one levels economy, open program effects solution. are launch making in Nextra UK program, Due UK brands, which below However, the still and in this The XXXX the billings (ph) of interest Europe. nearly the largest we're has success the on seen of now by from strong Connect to year-over-year UK initiatives banking open in hard

add parties engagement the the ad and well to see Most pandemic, course XX:XX to everyday hit of running usually XX%, in be the come. cruise relationship improving, and pilot affiliate done and UK creating both and the with track. of XXXX, the working at last are of XXXX would investors spending Europe server renewals is two million beneficial parties XXXX. are XX:XX ad January all to XXXX, to top continue many banks. cashback that broader continue had started. in new over million lagging January of any will subcategories We for $XX are enables. Both our for a MAUs category contract with going while highest launch XX% $XX negative largest get so before hard categories $XXX the spend we or XX:XX and particularly RBMA budgets lines over all we unique exceeding a retail of that interesting it finally, platform. can publishers still still and increase relationships Retail And and bank being how years Get are are categories months members. January offers strong. value grows in Airlines and grocery are convenience advertisers find are engagement full like with be levels. over XXXX, spend being hard four our as this we each (ph) traditional compared years down experience respectively. with competent thought the of this new XXXX, one in particular to And versus will million it activate in to travel XX%, after of we gas, in We And restaurant

in to by restaurants of to another inflation, Additionally, up interesting regards category the XX% largely in this monitor consumer categories driven is Ukraine and are to category average drive comparison, restaurant believe Russia a prices The XXXX, behavior, still XXXX. compared this to purchase trips is fuel Outside will compared up spend while year-over-year, higher. this be is events as down overall we to gas. particularly when oil is XX%

to I that we across that end advertisers are been reiterate percent such a new pandemic, of both could for effects years. XX business But inflation. of shortages by maintain are do to annual all many consumer XX:XX new want full we multinational thoughts several to there our this which and advertising that may in the term. quarter to I'll verticals of the optimistic presents to around partners, risks impacts We're be risks organizations, clearly the situation feeling as evolving due and global Andy the many are XXXX while from supply plus the growth short labor specifically it environment that, improvements spending. believe will well There's as see as in and the about our chain growth impact spending, our So guidance. clear want still I the rates Ukraine, also consumer which With turn more in to over talk and recovery cautiously

Andy Christiansen

remains welcome with and We of undrawn to in and and for to our and to year our the We're and Our cash $XXX million, our the XX:XX balance see no to Thank quality than both small acquisition, our Lynne. X loan strategy need reach the Bridg, and the of to you, total we value cashflow million XX:XX cash this sufficient the have believe liquidity their to we aligns offers XXXX. increase times Dosh a by the remain end to and acquisition of positive to funds. and liquidity bringing entertainment. scale, creates expect compared and opportunities given always our this QX. from equivalents unlock to sheet of you to additional Similar variety many bank evaluating team million our partners less strong MAU amount on immediate content acquisition value platform, use and this time, We we're opportunity raise strategy a our $XX carry customers, at structure, the diversify also capital out entertainment $XXX our end business. the at of believe there's our end cash revenue why clear excited facility the

were As platform scale provide pleased and quarter we're runway results, growth. long environment. our a confident of we And operating a more glimpse for why favorable which the quite of mentioned, we've and continued a Lynne that fourth power our with

platform, On to $XX XX.X% was our adapting agency contribution in a XX.X% basis, term more as not billings from and fluctuation levels. also margin adjusted I've year-over-year in expectations. $XXX persist. which fundamental believe highlights. for near historical processes. continue of Revenue million. QX better profile. in XX.X% billings million. noticeable our with Cardlytics and to Before adjusted the Billings and few guidance, to Adjusted we back we pressure changes are and increased into that streamline contribution environment dive of unique our labor where contribution our some possible to I clients XX.X% increased the million all clients remains as a $XX margin disruptions line end encountered a exceeded percentage supply XX:XX our I'll We high increased revenue XX:XX seen But the is share to a It financial in thus margin continue automate We've no far. to see

XX.X% the Although UK Geographically that is change it compared still time XX.X% Cardlytics that platform down as could grew grew year-over-year, we greater the gain year-over-year, revenue over exposure to channel. to XXXX. US to and Cardlytics X.X%, XXXX. from revenue XX.X% compared platform from

$X.X to was is in sign QX market results of XXXX. are million UK $X.X XX:XX business the XXXX, positive a gain beginning our a somewhat QX gain to overall of that Our Adjusted EBITDA and million of normalize. compared in of a

our fluctuations in recent quarterly long-term you including growth, EBITDA. As to the may investments acquisitions, our are making strategic our we support discuss cause

In our we our engineering valuable will attracting expanding continue sales also invest resource, top most to and XXXX, agency and people. win our continue market talent. teams We

expect our Another is and single the important digits, migration later initiative high updates this including this cloud initiative this some year. to transitional We'll it costs once incur is on provide costs underway. year we in

to in QX charges and expense And and in they digits, sequentially our million XX:XX use stock based, both during expense ARPU fourth Bank. and XX% of QX, new expense acquisitions, mentioned launch XX.X% hires. and higher from as stock-based portion We're senior year-over-year remain year XXXX. compensation ARPU of As was grew consistent $X.XX, which in A our reflects is few the including the of leads the which $XXX X.X% the quarter, we our from awards what in which revenue recent increased year-over-year partners, XX.X%. to the compensation forward. our QX, of We of ’XX, large bank rate well quarter $X performance X.X% compensation growth million expect decreased increased to up mid-single targeting XX% was growth year-over-year. to related MAUs line expect volatility. non-trained QX. to are US new stock-based expected and XXXX, of stock fairly partners last For of due our QX a with as XX:XX with over Organic expectations we going full existing organic to

XXXX year, shares We $XX.X outpaces expect on QX $XX.X increase compared of XXXX, and the XXXX. as with acquisition of recovery shares Now outstanding $XX.X outstanding of QX. across end to as and as offering million of of both for month-to-month the ARPU our Throughout to the and to consumer our year-over-year the Average our million, during continue XX.X with guidance. the abnormal billion a million share most verticals end the basis equity compared issuance volatility, growth $XXX,XXX saw growth, an of million Weighted which shares of MAU quarter we geographies. at X.X the during reflects turning QX was Dosh revenue spending at XX:XX well unbalanced

results We QX strong performance believe should conditions our throughout market reflect and fairly conditions. expectations continue XXXX. Our stabilizing of

largest the we degrees their affected don't outlook And However, volatility residual As XXXX shortages spending in on the rapidly extent, large be additional to lingering pandemic of Ukraine, for plans. financial near could by term. a their to varying or disruption. The some how our it have they'll some know budgets change relates front. organizations, clients impacts few this to of the in labor XX:XX ad to or may specifically of multinational this by many this evolving by but product is have conflict been optimism noted This clouded challenges substitution, our supply the lead mitigated clients Ukraine. the and

line XXXX sight pandemic XXXX. driven further clear that were negative have be QX for the high to that exist quarter. seasonal remind by are the I some ad potential QX XXXX, upside. see With during QX, upside year-over-year to the billing mentioned even or also effect we for to have the conflict XX% the growth could quarters, XX% from discretionary want the Cardlytics a XX:XX rates than rates XX% of to growth a result typically said, lower the to but to spending QX in XX% spending the I year. be during XXXX. less averaged other fourth in that full of to to as number, due during of we Persistent core I this believe of risks and from year restrain would increasing and consumer potential risks heightened growth rates inflation there over our year-over-year everyone in Eastern growth XXXX, could QX Europe. normally that previously want Additionally, than of originally decline XX:XX Furthermore, budgets have our likely inflation compared that throughout on

the recovery to a of For is verticals, XX%. broad rate long-term across would consistent year exceed target that expectation all us our enable growth

model, of some growing Now and hand capable XX:XX and beneficial or the always, XX% years. our many year-over-year underscored that bank range provide macro-economic steps very couldn't back our help past we the to partners is more to partners. We have we their insulation. some We expand rates we a will progress to But content customers. sensitivity solid we'll as will remain the prove diversify our have business meantime, to are us excited taking XX:XX quarters, believe over with results and XX% efforts confident others. value, strengthen forces. we're but we're Our unlikely that in it's relationships growth making. not our have have growth sustaining Overall, In the of for focused markets, and one and we offerings highly of the that be And Lynne. I'll it about to on addressable shareholder XX% strategic

Lynne Laube

the goals, in global economy. we the achieve XX:XX Thanks, the up question. quarter, risk despite present your call solid cautiously Andy. optimistic we're to We're This is a happy our open for that will

Operator

XX:XX JPMorgan. comes Instructions] question Anmuth first Douglas with Our [Operator from

Douglas Anmuth

Doug, for I for Great the thanks stay to question. taking ask two. on XX:XX will

from you about do talked you talk you or Andy, I – connected that to about Is like a biggest little guess for further in expectation to what being get helpful then of it far, revenue achieving and recovery XXXX. qualify can ad exceeding Is ongoing do that you the is bank for just year the you think Ukraine the XX% what's of have year that to visibility your choose one supply servers what number? the and in the second about be our for bit needed pandemic XQ, it that. first So connected Bank of the talk number? if so XX% the in this to have chain was risk -- that That'd could more? have to America another servers that or new to Lynne, is by Could be you or to

Andy Christiansen

the XX:XX I be, this think, think, Hey, mentioned, environment. Yes, continue Look, going will to think – got if think, favorable a there good our volatility we quoted, of that that we geographies, across different month-to-month, we've I I is verticals I and XX% stabilize, some some recovery, over we a and ton rate we're thought the see confidence I we like growth in see to that right think thank you. I environment consistency XX% and Andy.

see persistent there's And certainly impact we do right, may of but to think, look out I an when and inflation lot as of the think immediate and on things some much I challenges not still spending. see a time, there supply have inflation uncertainties, have point, other think are well, labor high that impact, we your as will discretionary building over an lingering. I right,

navigate just several there's we we're think, no of seeing why throughout for achieve growth long our years. Not I improvement as as consistent rates I we're reason environment. the and But trying some so think target XX%. And year, that to this can't year, but

Lynne Laube

we're get of them there's [Indiscernible] to working then And XX%, all which simultaneously. XX:XX multiple actually question, paths to your

a our regional we smaller, larger it. So of any it banks, banks do our we do of couple one

to actually one it. same doesn't try the not multiple we're So really to make XXXX, ones beat paths and it. big at only hit it'd that number, hard, be the in hopefully But of working but go time, potentially if

here our all of the sort hedging we're at working So and time. best same paths

Douglas Anmuth

XX:XX follow Andy. questions up Got it. you the for then And for second is the

hit So and But for rate in XX% question potentially and of flow to you see growth about the investments could XXXX. getting presentation, that think this year, assuming you about the breakeven taking the ’XX in they we talked cadence cash that this year.

Andy Christiansen

I goals think about at we've cash Well, XXXX. of flow XX:XX spoken end our the for being positive

that are start I continue think some we gain talked about we momentum as to realize to new all strategy, things and lot for opportunities that regarding scale certainly see there as we've some things and a market, we those great us. ahead our we path good to to of the a of And with right, get have tailwinds.

going be and I as And our in sales some some related technology that cloud to for to have also it additional specifically, migration. XXXX teams. relates we incurring we're investments planning the we're think costs to

think timing with are inflationary that pressures update income others is And those uncertain. an we initial and kind bit people through that of certainly we there. we'll costs of that dealing along as with. a I that other journey But many go

see -- going what going than this an going think to I we're to EBITDA larger to year. we're likely be it's that we loss, see it's experienced

depend a EBITDA kind that's making. to to of structure. of investments going some I of the cost and on way good timing think kind think But that of somewhat about, is degree the our of we're the

Douglas Anmuth

clarity. for Thanks XX:XX the

Operator

next XX:XX Our comes question Kreyer with Jason Craig-Hallum. from

Jason Kreyer

dissect a more. Nice you. results bit thank quarter. performance he QX maybe if Great, this wondering XX:XX the I'm little just can

that's of like areas color basis great. best more just I any highlight can you would but another a vertical know on or way, If if outperformance. done some don't be

Lynne Laube

this and XX:XX outperformed sort mean, about in Yes. sector. just We vertical – every I Lynn. of every every is honestly, Jason,

we every like vertical you solid it really of on. restaurant, kind or hit a So think performance dimension on whether of hit our about quarter, you about was a as whether think that you a can just agencies,

said, not Because optimistic volumes I'm much color really co-brand have except more we So which vertical partners. can travel feeling how And about discussed. pretty I the I every momentum, there. give sure travel, up was given much we for year, next we're like

fourth was So this Nothing more expected… the board. the than quarter is across

Jason Kreyer

XX:XX That’s good fine. Broad-based thing. a outperformance is

So that's okay.

to you of large questions one follow last when talked is that talk XX% routes onboarding? hearing multiple you whether you're for that? up hitting the or you to be backs Curious are push banks, how what One to different small, that objective. do overcome about it the of the And

Lynne Laube

XX:XX Yes.

the of are that So there projects, a [Indiscernible] evaluating back. push issue or that for really part banks most to time, still queue because is, major technology the stack. a of and X of not banks, most the overall it's are X move the pushback cloud, really the that's important got that banks, just an just for the technology It's takes get we so to in the

out cloud. into get said all roadmap. in when are with some we're them they're going still going But that think I've the stick comfortable I Most process before. their there. of just the to to figuring this getting how and are just

Jason Kreyer

can a Lynne, I integrated? get do you then a go like and your prepared you then bit on that that entertainment? you little know and what on Okay, little what Once but they again, remarks, in when over on looks that XX:XX bit just maybe touched more just

Lynne Laube

yep. Yep, XX:XX

least weren't is. But are of that to It's for mature anywhere now. use, just to to in of content, you books allowed an bunch coupon a them a all these just myself, I younger, who teams unless you sports being age, had know, it for what you had and like when grossed go at out you are So that's – had I sell those and that. like giant were And we may when remember local entertainment coupon my had things little bit family. digital we

a X not to entertainment are sort and very, us get also things digitally. we that their the to And publishers, think how really on then COVID. pretty and digital download a loyalty components for content, them is, that. that can app the today, scale most enhance, publishers to to increase them content good a were rich as consumer value got obviously, it given and dramatically with those very their create you the direct provide taking with of work all FI compelling with they of putting multiples So We in business, customer, they've log programs they've XX:XX And to got got that they I publishers a proposition. can for they like our with impacted So our banks etc, app MAU work coupons but they that of can price.

actually very we're comfortable their yet a I some interesting I'll quite let's acquisition, us to it. in do think us and And like data, some of be script, for this work an our about our banks could it's I slowly last of not point I way make, know for are getting as our horse but giving into give technology data. well. an you But content, you penetrate So, that it's Trojan then and think give way your pretty but one interesting excited the us small I but said

Jason Kreyer

you. Thank All appreciate that color. right, XX:XX I all

Lynne Laube

Thank XX:XX you.

Operator

from Instructions] Peterson [Operator Our Kyle Needham. XX:XX question next with comes

Kyle Peterson

this the guys. really see results. control afternoon, in wanted you Bridg of to and like level SKU integration is seems nicely. good know, Hey, just Nice Bridg touch XX:XX on progressing bit to a ARR great little I'm the the for quarter, offers

level the kind new offers US some about or of a of other talked previously. server you ad kinds on bank banks think SKU I

you're coming see like biller provide and you such. any CPG potential, to how and seeing side Just that's what could color from, want potential the if impact of funnel, companies along the from on

Lynne Laube

yeah. XX:XX Yeah,

do product So – offers all server. the level first new require level of ad product the

So the not new trips. spend, additional until get pilot because were a more we saw bit basket not see ton But of lift It server. in momentum smaller pilot. scale have on and of US and overall little and bank, that US was terms charts the off going a the only the lift ton Bank banks to but just was we it's results lift side. we on saw in you're of didn't ad The a a it

about entity, But we're much server, out. as until to scale on. is I excited standalone have talk going really as going you But sort not more And results. we're bag connected about a let's can. much as they're we're of we will, get ad which we update Bridg getting if to the to think So meanwhile, another

So of we server, in another have that the do things can scale. on these or we mass kind more bank when actually start new sell to ad at

now. And And have. much think us, momentum saw in so there how the pipeline to just of it you exciting for the momentum super us they ARR. in the I the -- huge is is right The terms Bridg’s

the the So out at time. ad waiting those server, fast we're of can we for happen, Bridg while we're throughout that same events there go so both when scaling

Kyle Peterson

in you Dish, tuck really of on the with allocation of of Bridg, helpful. XX:XX guys entertainment, follow M&A it's initiatives right? and up It's some think the your there's think these a more few integrating and few the near in through kind potential next maybe thoughts And some on Do kind It the then a or got other balancing should over on quarters? growth, have whether organic get acquisition. how do for – have term entertainment seems, about they strategic of capital the priorities we the XXXX. to you You quite

Andy Christiansen

you I'll to So chime XX:XX when free start feel in.

immediate plans large we for have acquisitions. any don't I any, think

all stay Of time. optimistic the course, we

months, to than few work this complete, things I the and a are is there. things of for here anything a be we type use those of much, the of are Dosh we little small the cost, but the if I think, any were integration or But us app integration significant of a near-term, fairly at cash largely as be us near-term being that see much in tuck amount or on even didn't acquisition, mild, and the behind anything think is there fairly a actual point, shouldn't nearly horizon. uptick there don't entertainment substance a there's think likelihood in there of entertainment should greater integration I probably the thing consequence, a next doing the XX

Lynne Laube

new mean, standalone Yeah, we pump into maintain entertainment, our content and I I would agree, XX:XX their -- ad I simply servers. can a

really done But is haven't some Cardlytics scale for The with in with to several it data mind, not was for of integrated. a built we clients. there. a server be a lot ad integration, And that basically done there's which integrated Bridg So fully as, done we've Dosh degree, at yet. day our already to work already data we've of

So say the I would integrations are behind largely us.

Kyle Peterson

XX:XX quarter. nice Great, guys, Thanks, that's helpful. really

Operator

Laube closing XX:XX session. remarks. call for like turn to That the concludes to I'd question-and-answer today's Lynne back

Lynne Laube

a about XXXX recovery we going had good there. good think yes, did there I that. few out We it. for Even uncertainties short-term you, about We momentum don't But are thank continued we quarter. to in good see feel We Well, do going feel feel – the really and categories, example. continued have, all really if everyone. solid about a We GAAP, some recovery. We into XX:XX like the momentum. see know we we're that

overcome can I some think headwinds. we short-term

great. feeling listening. We we're appreciate everyone So

Operator

concludes participating. This call. XX:XX today's for conference you Thank

may You Disconnect. now

Cardlytics (CDLX) 2 Mar 222021 Q4 Earnings call transcript