Cardlytics, Inc. (NASDAQ:CDLX) Q2 2025 Earnings Conference Call August 6, 2025 5:00 PM ETCompany ParticipantsAlexis DeSieno - Chief Financial OfficerAmit Gupta - CEO & DirectorNick Lynton - Chief Legal & Privacy Officer and SecretaryConference Call ParticipantsCal Bartyzal - Unidentified CompanyJacob Michael Stephan - Lake Street Capital Markets, LLC, Research DivisionRobert James Coolbrith - Evercore ISI Institutional Equities, Research DivisionOperatorGood afternoon, ladies and gentlemen, and welcome to the Second Quarter 2025 Cardlytics, Inc. Earnings Conference Call. [Operator Instructions] This call is being recorded on Wednesday, August 6 of 2025.I would now like to turn the conference over to Nick Lynton. Please go ahead.Nick LyntonGood evening, and welcome to the Cardlytics Second Quarter 2025 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 regarding our future financial performance and results, including for the third quarter of 2025, our capital structure, increasing our supply, the growth of new partners, advertiser churn and operational and product initiatives. 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 our 10-Q for the quarter ended June 30, 2025, which has been filed with the SEC.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, which you can find on the Investor Relations section of the Cardlytics website. Today's call is available via webcast, and a replay will also be available on our website.On the call today, we have CEO, Amit Gupta; and CFO, Alexis DeSieno. Following their prepared remarks, we'll open it up for