Cardlytics amends agreement with JPMorgan Chase, extends term to 2028

Cardlytics, Inc. (NASDAQ:CDLX), currently trading at $1.81 with a market capitalization of $95 million, announced Monday that it has entered into a Fourth Amendment to its Master Agreement with JPMorgan Chase (NYSE:JPM) Bank, National Association. According to a statement released in a Securities and Exchange Commission filing, the amendment extends the term of the Master Agreement until November 18, 2028.

The amendment also introduces changes to several provisions, including those related to Supplier Billings Share, Incentive Bonus, and Quality Credits. Beginning January 1, 2026, the Supplier Billings Share—referring to the portion of billings retained by Cardlytics—will be reduced. The company noted that the new rate will remain higher than the level set prior to the Third Amendment of the agreement. According to InvestingPro data, Cardlytics maintains a current ratio of 1.19, indicating its liquid assets exceed short-term obligations.

Cardlytics stated that additional details and the full text of the Fourth Amendment will be filed as an exhibit to its Form 10-Q for the quarter ending June 30, 2025.

The information is based on a press release statement included in a recent SEC filing.

In other recent news, Cardlytics Inc . reported its financial results for the first quarter of 2025, surpassing earnings expectations. The company posted an earnings per share (EPS) of -$0.21, outperforming the anticipated -$0.44. Revenue for the quarter reached $61.9 million, slightly above the forecasted $61.26 million. Cardlytics also launched its Cardlytics Rewards Platform (CRP), designed to enhance customer loyalty programs by integrating card-linked offers. This initiative aims to expand the company’s publisher network and diversify its engagement channels. In addition, Cardlytics announced a workforce reduction and other cost-saving measures, expected to save $16 million annually. Analysts from firms such as Lake Street have noted the potential of the CRP to broaden Cardlytics’ market reach. The company is also focusing on optimizing its platform and expanding its partnerships, including a new collaboration with a leading digital sports platform.

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