Cardlytics, Inc. entered into a settlement agreement on September 4, 2026, with Amit Jain, founder and former CEO of Bridg, Inc., to resolve claims for advancement and indemnification related to the DailyGobble litigation. The aggregate settlement amount is $6.4 million, covering Mr. Jain's allocated portion of the DailyGobble Action settlement ($5.3 million) and associated legal fees ($1.1 million). This figure aligns with the $6.5 million accrual recorded by the Company as of June 30, 2026. Cardlytics operates in the digital marketing industry, providing location-based advertising solutions for retailers.

Cardlytics, Inc. reported financial results for the second quarter ended June 30, 2026. Revenue decreased 36% year-over-year to $36.9 million, while billings fell 34% to $65.5 million. Adjusted Contribution declined 32% to $21.3 million, and the company reported a net loss of $(14.9) million compared to $(9.3) million in the prior year period. Net cash used in operating activities was $(8.6) million. Monthly qualified users dropped 17% to 185.4 million. The company provided third quarter 2026 guidance, forecasting revenue between $34.0 and $39.0 million and adjusted EBITDA between $0 and $3.0 million. Cardlytics operates a purchase intelligence platform that transforms transaction data into targeted offers for consumer brands through banking partners.