Cardlytics and PubMatic Stocks Plummet 56% and 30% Amid Revenue Challenges

Cardlytics reported a 9% decline in revenues, leading to a significant stock drop of 56%. CEO Amit Gupta emphasized that these challenges do not affect the company's long-term potential. Meanwhile, PubMatic faced a 30% drop in its stock price following a revenue miss and lighter-than-expected guidance. CEO Rajeev Goel noted that most of the business grew by nearly 10% year-over-year, maintaining strong fundamentals. Despite the drop, PubMatic plans to continue buying back stock, with $75 million remaining for buybacks, and has some cushion for the implied Q4 guidance.