Cardlytics Expects Q2 Revenue Of $73M-$81M, Est $81.393M
Portfolio Pulse from Benzinga Newsdesk
Cardlytics forecasts Q2 revenue to be between $73M-$81M, below the estimated $81.393M. The company also projects billings of $115.0M-$126.0M and an Adjusted EBITDA ranging from ($3.0) million to $1.0 million.
May 08, 2024 | 10:35 pm
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Cardlytics forecasts lower-than-expected Q2 revenue and provides billings and Adjusted EBITDA projections.
The projected Q2 revenue of Cardlytics being below the estimated figures suggests a potential negative impact on the stock price in the short term. This is due to investor concerns over the company's ability to meet revenue expectations, which can lead to decreased investor confidence and a possible decline in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100