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How Cardlytics (CDLX) makes money

Cardlytics (CDLX) made $32.9M of revenue in the third quarter 2026 (Q3 2026), -30% from a year earlier. Engagement based pricing brought in $21.7M (66%); Served based pricing brought in $10.1M (31%); Other Revenue(1) brought in $1.1M (3%).

Drawing the Sankey…

Cardlytics revenue by segment, Q3 2026Cardlytics revenue by segment, Q3 2026Engagement based pricing$21.7MServed based pricing$10.1MOther Revenue(1)$1.1M
Cardlytics: revenue by line, Q1 2025 to Q3 2026Cardlytics: revenue by line, Q1 2025 to Q3 2026Engagement based pric…Served based pricingOther revenuesOther Revenue(1)Bridg Total RevenueBridg Platform RevenueEngagement based pricing: $21.7M latest$21.7MServed based pricing: $10.1M latest$10.1MOther revenues: $0 latestOther Revenue(1): $1.1M latestBridg Total Revenue: $0 latestBridg Platform Revenue: $0 latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Engagement based pricing went from 50% of revenue in Q1 2025 to 66% in Q3 2026, the largest shift in the mix.
Cardlytics revenue by quarterCardlytics revenue by quarter$61.9MQ1 2025$63.2MQ2 2025$52.0MQ3 2025$56.1MQ4 2025$34.3MQ1 2026$36.9MQ2 2026$32.9MQ3 2026

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Engagement based pricing$21.7M65.9%-9%-21%
Served based pricing$10.1M30.7%-15%-44%
Other Revenue(1)$1.1M3.4%-6%-11%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$32.9M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$32.9M-30%
Q2 2026$36.9M-36%
Q1 2026$34.3M-39%
Q4 2025$56.1M-24%
Q3 2025$52.0M-22%
Q2 2025$63.2M-9%
Q1 2025$61.9M-8%

From Cardlytics' 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Cardlytics make money?

Cardlytics (CDLX) made $32.9M of revenue in the third quarter 2026 (Q3 2026), -30% from a year earlier. Engagement based pricing brought in $21.7M (66%); Served based pricing brought in $10.1M (31%); Other Revenue(1) brought in $1.1M (3%).

What is Cardlytics' biggest business?

Engagement based pricing: $21.7M in the third quarter 2026, 66% of revenue, -21% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.