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SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Schedule of segment reporting information

The following tables provide information regarding the Cardlytics platform and the Bridg platform reportable segments (in thousands):

			Three Months Ended March 31,
			2022						2023
Cardlytics platform
Adjusted contribution			$	28,956					$	25,855
Plus: Partner Share and other third-party costs			35,027						33,175
Revenue			$	63,983					$	59,030
Bridg platform
Adjusted contribution			$	3,819					$	5,092
Plus: Partner Share and other third-party costs			126						209
Revenue			$	3,945					$	5,301
Total
Adjusted contribution			$	32,775					$	30,947
Plus: Partner Share and other third-party costs			35,153						33,384
Revenue			$	67,928					$	64,331

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

			Three Months Ended March 31,
			2022						2023
Adjusted contribution			$	32,775					$	30,947
Minus:
Delivery costs			6,533						6,424
Sales and marketing expense			17,648						13,948
Research and development expense			12,291						11,564
General and administration expense			20,425						13,070
Acquisition and integration (benefit) cost			(4,599)						1,723
Change in fair value of contingent consideration			(65,050)						(34,584)
Depreciation and amortization expense			9,871						6,575
Total other expense (income)			2,618						(1,381)
Income before income taxes			$	33,038					$	13,608

Schedule of revenue by geographic areas

The following tables provide geographical information (in thousands):

			Three Months Ended March 31,
			2022						2023
Revenue:
United States			$	61,653					$	61,081
United Kingdom			6,275						3,250
Total			$	67,928					$	64,331

			December 31, 2022						March 31, 2023
Property and equipment, net:
United States			$	4,453					$	3,936
United Kingdom			1,463						819
Total			$	5,916					$	4,755

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

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-Publisher FASB
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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

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