Cardlytics, Inc. (NASDAQ:CDLX) Q1 2022 Earnings Conference Call May 2, 2022 5:00 PM ET

Company Participants

Kirk Somers - Chief Legal & Privacy Officer

Lynne Laube - Chief Executive Officer & Co-Founder

Andy Christiansen - Chief Financial Officer

Conference Call Participants

Aaron Kessler - Raymond James

Kyle Peterson - Needham

Jason Kreyer - Craig-Hallum

Jeff Cantwell - Wells Fargo

Nat Schindler - Bank of America

Operator

Thank you for standing by, and welcome to the First Quarter 2022 Cardlytics, Inc. Earnings Conference Call. At this time, all participants are in listen-only mode. Please be advised that today's conference is being recorded. After the presentation, we will conduct a question-and-answer session. [Operator Instructions]

I will now hand the conference over to Kirk Somers. Please go ahead.

Kirk Somers

Good evening, and welcome to Cardlytics first quarter 2022 financial results call. Before we begin, let me remind everyone that today's discussion will contain forward-looking statements based on our current assumptions, expectations and beliefs, including expectations about future financial performance and results, our financial guidance for the second quarter, our ability to achieve our key long-term priorities, the increase in MAUs or Monthly Active Users connected to our ad server, the increase in ARPU or Average Revenue Per User, the growth in Bridg ARR or Annual Recurring Revenue, the impact of COVID-19 on our business and the economy as a whole, the sufficiency of our capital structure, economic recovery across verticals by the end of 2022, the growth in advertisers on Ads Manager, the use of cash for the Bridge run up, maintaining 30% annual growth rates, achieving positive adjusted EBITDA in the second half of 2023, plans for Entertainment and their content, adding new financial institutions and banking partners, renewal of our Bank of America contract, growth with Bridg, our margin profile, continued momentum with agencies and advertisers in 2022 and the anticipated benefits of our acquisitions of Dosh, Bridg and Entertainment.

For a discussion of the specific risk factors that could cause our actual results to differ materially from today's discussion, please refer to the Risk Factors section of the company's 10-Q for the quarter ended March 31, 2022, which will be filed with the Securities and Exchange Commission.

Also during this call, we will discuss non-GAAP measures of our performance. GAAP financial reconciliations and supplemental financial information are provided in the press release issued today in the 8-K that has been filed with the SEC. Today's call is available via webcast, and a replay will be available for one week.