Ibotta Stock Price, News & Analysis

Ibotta (NYSE: IBTA), North America's largest digital promotions network, has announced a significant expansion of its share repurchase program. The company's Board of Directors has authorized an additional $100 million for repurchasing Class A common stock, with no specified expiration date. The repurchases can be executed through open market transactions or private negotiations, subject to market conditions and legal requirements. The program will comply with Rule 10b-18 of the Securities Exchange Act, and the company may implement Rule 10b5-1 plans. While Ibotta maintains flexibility in the program's execution and can suspend or terminate it at any time, the actual timing and volume of share repurchases will depend on various factors including price, market conditions, and alternative investment opportunities.

Ibotta (NYSE: IBTA) reported its Q1 2025 financial results, showing mixed performance. Revenue grew 3% YoY to $84.6 million, while redemption revenue increased 8% to $73.4 million. The company achieved net income of $0.6 million (1% of revenue) and Adjusted EBITDA of $14.7 million (17% margin). The Ibotta Performance Network saw significant user growth, with redeemers increasing 37% YoY to 17.1 million, primarily driven by the Instacart launch, Walmart's audience growth, and Family Dollar integration. Total redemptions grew 16% YoY to 82.8 million. The company generated strong cash flow with $19.9 million from operations and $14.9 million in free cash flow. During Q1, Ibotta repurchased 1.8 million shares for $72.7 million. For Q2 2025, the company expects revenue of $86.5-$92.5 million and Adjusted EBITDA of $17.0-$22.0 million.

Ibotta (NYSE: IBTA), North America's largest digital promotions network, has scheduled its first quarter 2025 financial results announcement for Wednesday, May 14, 2025, after market close. The company will host a conference call and webcast at 2:30 p.m. MT/4:30 p.m. ET to discuss financial performance, recent developments, and business outlook. Investors and interested parties can access the webcast through ir.ibotta.com/2025q1.

Ibotta (NYSE: IBTA), North America's largest digital promotions network, announces the appointment of Valarie Sheppard as interim Chief Financial Officer (CFO), effective immediately. This change follows the departure of current CFO Sunit Patel, who is leaving to pursue an opportunity in the telecom sector but will remain as an advisor for at least one year.

Sheppard, who has been serving on Ibotta's board since 2021, brings significant experience from her previous role at Procter & Gamble, where she served as Treasurer and Controller, managing corporate finance, accounting, global treasury, and business development. She currently serves on the boards of McCormick & Company and KDC-One, and holds a Master of Science from Purdue University's Krannert School.

The company has initiated a search for a permanent CFO through a nationally recognized search firm.

Ibotta (NYSE: IBTA), North America's largest digital promotions network, has announced a significant expansion of its share repurchase program. The company's Board of Directors has authorized an additional $100 million for repurchasing Class A common stock, with no expiration date set for the program.

The share buyback will be executed through open market repurchases or privately negotiated transactions, subject to market conditions and legal requirements. The company may implement Rule 10b5-1 plans and structure repurchases according to Rule 10b-18 requirements under the Securities Exchange Act of 1934.

Importantly, Ibotta maintains flexibility in this program, with no obligation to purchase any specific amount of shares and the ability to suspend or terminate the program at any time. The actual timing and volume of repurchases will depend on various factors, including share price, market conditions, and alternative investment opportunities.

Ibotta (NYSE: IBTA) reported strong financial results for FY2024, with total revenue growing 15% year-over-year to $367.3 million. The company's redemption revenue increased 27% to $308.8 million, while generating net income of $68.7 million (19% of revenue) and Adjusted EBITDA of $112.2 million (31% margin).

Key operational metrics showed significant growth, with the Ibotta Performance Network (IPN) averaging 14.7 million redeemers in 2024, up 78% from 2023. Total redemptions increased 34% to 344.1 million. The company generated $115.9 million in operating cash flow and $105.7 million in free cash flow.

Notable business developments included partnerships with Instacart, Schnucks, Family Dollar, and AppCard. For Q1 2025, Ibotta projects revenue of $80-84 million and Adjusted EBITDA of $10-14 million.

Ibotta (NYSE: IBTA), North America's largest digital promotions network, has announced that its CEO and founder Bryan Leach will take part in a fireside chat at The Citizens JMP Technology Conference. The event is scheduled for Tuesday, March 4 at 9:30 am PT in San Francisco. Interested parties can access audio webcasts of the presentation through the investor relations section of Ibotta's website at investors.ibotta.com.

Ibotta (NYSE: IBTA), North America's largest digital promotions network, has scheduled its Fourth Quarter 2024 financial results announcement for February 26, 2025, after market close. The company will host a conference call and webcast at 2:30 p.m. MT/4:30 p.m. ET on the same day, where management will discuss financial results, recent developments, and business outlook. Investors and interested parties can access the webcast through the company's investor relations website at ir.ibotta.com.

Ibotta (NYSE: IBTA) and DoorDash (NASDAQ: DASH) have announced a multi-year strategic partnership to integrate Ibotta's digital promotions into DoorDash's platform. The collaboration will give DoorDash customers access to Ibotta's digital promotions catalog across various categories including grocery, health and beauty, home improvement, and alcohol.

Through the Ibotta Performance Network (IPN), CPG brands will be able to reach consumers across DoorDash's network of over 115,000 non-restaurant stores in North America. The partnership aims to help brands maximize incremental returns using pay-per-sale efficiency and AI-driven optimization while delivering digital promotions at scale.

The implementation of Ibotta-provided offers is scheduled to go live on DoorDash's Marketplace later this year.