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SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of segment reporting information

The following table presents a reconciliation of loss before income taxes presented in accordance with GAAP to adjusted contribution (in thousands):

	Three Months Ended June 30,								Six Months Ended June 30,
	2019				2020				2019				2020
Adjusted contribution	$	21,841			$	12,402			$	39,478			$	32,781
Minus:
Amortization of deferred FI implementation costs(1)	731				991				1,384				1,999
Delivery costs	3,370				3,499				6,616				6,905
Sales and marketing expense	11,047				10,405				20,384				21,373
Research and development expense	2,782				3,966				5,723				7,817
General and administration expense	8,340				11,734				15,340				22,478
Depreciation and amortization expense	1,053				1,545				2,014				3,876
Total other expense	1,028				20				841				1,622
Loss before income taxes	$	(6,510	)		$	(19,758	)		$	(12,824	)		$	(33,289	)

(1)

Amortization of deferred FI implementation costs is excluded from adjusted FI Share and other third-party costs, which is shown above in our reconciliation of GAAP revenue to adjusted contribution.

The following table provides information regarding our Cardlytics Direct reportable segment (in thousands):

	Three Months Ended June 30,								Six Months Ended June 30,
	2019				2020				2019				2020
Adjusted contribution	$	21,841			$	12,402			$	39,478			$	32,781
Plus: Adjusted FI Share and other third-party costs(1)	26,889				15,820				45,240				40,950
Revenue	$	48,730			$	28,222			$	84,718			$	73,731

(1)

Adjusted FI Share and other third-party costs presented above represents GAAP FI Share and other third-party data costs less amortization of deferred FI implementation costs, which is detailed below in our reconciliation of GAAP loss before income taxes to adjusted contribution.

Schedule of revenue by geographic areas

The following tables provide geographical information (in thousands):

	Three Months Ended June 30,								Six Months Ended June 30,
	2019				2020				2019				2020
Revenue:
United States	$	43,123			$	26,750			$	74,471			$	66,778
United Kingdom	5,607				1,472				10,247				6,953
Total	$	48,730			$	28,222			$	84,718			$	73,731

	December 31, 2019				June 30, 2020
Property and equipment, net:
United States	$	12,052			$	10,465
United Kingdom	2,010				2,338
India	228				180
Total	$	14,290			$	12,983

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph a
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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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