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SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2024

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,
			2024						2023						2024						2023
Cardlytics platform
Revenue			$	61,110					$	73,064					$	187,343					$	202,820
Minus: Partner Share and other third-party costs			30,293						36,011						93,570						108,272
Adjusted Contribution			$	30,817					$	37,053					$	93,773					$	94,548
Bridg platform
Revenue			$	5,947					$	5,941					$	16,958					$	17,217
Minus: Partner Share and other third-party costs			382						133						906						426
Adjusted Contribution			$	5,565					$	5,808					$	16,052					$	16,791
Consolidated
Revenue			$	67,057					$	79,005					$	204,301					$	220,037
Minus: Partner Share and other third-party costs			30,675						36,144						94,476						108,698
Adjusted Contribution			$	36,382					$	42,861					$	109,825					$	111,339

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

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Adjusted Contribution			$	36,382					$	42,861					$	109,825					$	111,339
Minus:
Delivery costs			7,830						7,012						21,664						20,451
Sales and marketing expense			13,163						14,161						41,306						43,314
Research and development expense			13,194						12,430						39,712						38,841
General and administration expense			12,076						15,561						42,712						44,907
Acquisition, integration and divestiture benefit			—						78						162						(8,146)
Change in contingent consideration			100						8,281						110						(15,045)
Impairment of goodwill and intangible assets			131,595						—						131,595						—
Depreciation and amortization expense			6,970						5,990						19,749						19,765
Total other expense			(3,364)						3,314						(13,470)						1,118
Loss before income taxes			$	(145,182)					$	(23,966)					$	(173,715)					$	(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,
			2024						2023						2024						2023
Revenue:
United States			$	61,440					$	74,798					$	188,060					$	208,523
United Kingdom			5,617						4,207						16,241						11,514
Total			$	67,057					$	79,005					$	204,301					$	220,037

			September 30, 2024						December 31, 2023
Property and equipment, net:
United States			$	2,791					$	3,244
United Kingdom			56						79
Total			$	2,847					$	3,323

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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