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SEGMENTS (Tables)

9 Months Ended

Sep. 30, 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 September 30,												Nine Months Ended September 30,
			2022						2023						2022						2023
Cardlytics platform
Adjusted contribution			$	29,886					$	37,053					$	88,709					$	94,548
Plus: Partner Share and other third-party costs			37,399						36,011						111,829						108,272
Revenue			$	67,285					$	73,064					$	200,538					$	202,820
Bridg platform
Adjusted contribution			$	5,257					$	5,808					$	14,334					$	16,791
Plus: Partner Share and other third-party costs			164						133						1,167						426
Revenue			$	5,421					$	5,941					$	15,501					$	17,217
Total
Adjusted contribution			$	35,143					$	42,861					$	103,043					$	111,339
Plus: Partner Share and other third-party costs			37,563						36,144						112,996						108,698
Revenue			$	72,706					$	79,005					$	216,039					$	220,037

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

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2023						2022						2023
Adjusted contribution			$	35,143					$	42,861					$	103,043					$	111,339
Minus:
Delivery costs			9,125						7,012						23,820						20,451
Sales and marketing expense			18,289						14,161						57,920						43,314
Research and development expense			13,762						12,430						39,634						38,841
General and administration expense			19,972						15,561						61,381						44,907
Acquisition and integration (benefit) cost			(1,867)						78						(4,269)						(8,146)
(Gain) loss in fair value of contingent consideration			(46,126)						8,281						(114,144)						(15,045)
Goodwill impairment			—						—						83,149						—
Depreciation and amortization expense			10,468						5,990						30,695						19,765
Total other expense			5,253						3,314						13,288						1,118
Income (loss) before income taxes			$	6,267					$	(23,966)					$	(88,431)					$	(33,866)

Schedule of revenue by geographic areas

The following tables provide geographical information (in thousands):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2023						2022						2023
Revenue:
United States			$	67,949					$	74,798					$	198,781					$	208,523
United Kingdom			4,757						4,207						17,258						11,514
Total			$	72,706					$	79,005					$	216,039					$	220,037

			December 31, 2022						September 30, 2023
Property and equipment, net:
United States			$	4,453					$	2,843
United Kingdom			1,463						162
Total			$	5,916					$	3,005

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.

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