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Ibotta, Inc. - IBTA STOCK NEWS

Welcome to our dedicated page for Ibotta news (Ticker: IBTA), a resource for investors and traders seeking the latest updates and insights on Ibotta stock.

Ibotta, Inc. (NYSE: IBTA) is a pioneering performance marketing platform headquartered in Denver, Colorado. Founded in 2012, Ibotta has created a unique ecosystem that allows Consumer Packaged Goods (CPG) brands to deliver digital promotions directly to consumers through its innovative network, known as the Ibotta Performance Network (IPN). The IPN connects brands with over 200 million consumers via a single, streamlined platform, enabling marketers to effectively influence shopping behaviors and outcomes.

Through the IPN, brands can execute marketing campaigns that are measurable and results-driven, paying only when a promotion leads to an actual sale. This has provided American shoppers with substantial value, resulting in over $1.8 billion earned through the platform since its inception. Ibotta's commitment to leveraging technology for consumer engagement has made it the largest tech IPO to emerge from Colorado.

Recent achievements include ongoing expansion of the IPN and strategic partnerships with leading publishers, which has further solidified Ibotta's position in the market. The company continues to innovate, ensuring its platform remains at the forefront of digital promotions and consumer engagement.

Ibotta's significant financial milestones and market presence are complemented by a strong corporate culture, regularly being recognized as a top workplace by The Denver Post and Inc. Magazine. The company's growth trajectory and market influence make it a noteworthy player in the performance marketing space.

For more information or inquiries, please contact Corporate Communications at hilary.obyrne@ibotta.com or Investor Relations at shalin.patel@ibotta.com.

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Ibotta (NYSE: IBTA), North America's largest digital promotions network, has announced its participation in two upcoming investor conferences. CEO Bryan Leach will present at the UBS Global Technology and AI Conference on December 3, 2024, at 10:35 a.m. PT/1:35 p.m. ET. Additionally, CFO Sunit Patel will speak at the Raymond James 2024 TMT & Consumer Conference on December 11, 2024, at 7 a.m. PT/10 a.m. ET. Audio webcasts for both events will be accessible through the investor relations section of Ibotta's website.

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Ibotta (NYSE: IBTA) reported strong Q3 2024 financial results with revenue growing 16% year-over-year to $98.6 million. The company achieved net income of $17.2 million and Adjusted EBITDA of $36.5 million, representing a 37% margin. Total redemptions increased 43% to 97.4 million, while redeemers grew 63% to 15.3 million. The growth was primarily driven by Walmart program expansion.

The company generated $39.5 million in operating cash flow and $36.7 million in free cash flow. For Q4 2024, Ibotta expects revenue of $100-106 million and Adjusted EBITDA of $30-34 million.

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Ibotta (NYSE: IBTA) announces enhanced benefits for SNAP-eligible consumers, reaching over 40 million people in the US. The company launches SNAP Rewards, offering exclusive monthly deals including 100% cash back on Thanksgiving meal ingredients. Through 'Thanksgiving Your Way', users can customize their rewards bundle, valued between $25-$27 in cash back. The initiative marks Ibotta's fifth annual Free Thanksgiving program, which has previously helped feed over 11 million Americans. Additionally, Ibotta partners with Feeding America to provide up to 1 million meals through a November campaign where each user's first redemption contributes one meal to the cause.

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Ibotta (NYSE: IBTA), a leading technology company in digital promotions and performance marketing solutions, has announced it will report its third quarter 2024 financial results on Wednesday, November 13, 2024, 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 the financial results, recent developments, and business outlook.

Interested parties can access the live call via phone (US/Canada: 877-405-1211; International: +1 215-268-9896) or through the webcast available at ir.ibotta.com. This announcement provides investors and analysts with the opportunity to gain insights into Ibotta's performance and future prospects directly from the management team.

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Ibotta's second annual State of Spend report reveals significant shifts in consumer behavior and CPG marketing strategies amidst economic pressures. 72% of shoppers report the economy directly impacting their grocery habits, with many opting for lower-priced alternatives. Key findings include:

1. Consumers spent an additional $302 on food and beverage essentials over the past year, cutting back on discretionary categories.

2. 75% of shoppers would try a different brand if offered at a lower price.

3. 70% of CPG marketers view private labels as the biggest threat to their brands.

4. Digital promotions are seeing increased investment, up 26% from 2023.

5. 67% of CPG marketers prioritize new customer acquisition over retention.

The report underscores the growing importance of digital promotions in building brand loyalty and value for cost-conscious consumers.

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Ibotta (NYSE: IBTA), a leading technology company in digital promotions and performance marketing, has announced its participation in two upcoming investor conferences. CEO Bryan Leach and CFO Sunit Patel will engage in a fireside chat at the Citi 2024 Global TMT Conference on September 4, 2024, at 12:50 p.m. PT. Additionally, CEO Bryan Leach will participate in another fireside chat at the Goldman Sachs Communacopia + Technology Conference on September 11, 2024, at 3:05 p.m. PT.

Both events will be accessible via audio webcasts on the investor relations section of Ibotta's website at http://investors.ibotta.com. These conferences provide an opportunity for Ibotta to showcase its position in the digital promotions and performance marketing industry to potential investors.

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Ibotta (NYSE: IBTA), a leading digital promotions and performance marketing solutions provider, has announced a $100 million share repurchase program. The program, approved by the company's Board of Directors, allows for the repurchase of Ibotta's Class A common stock with no expiration date. Repurchases may be made through open market transactions or privately negotiated deals, subject to market conditions and legal requirements. The company may also enter into Rule 10b5-1 plans to facilitate repurchases. Ibotta is not obligated to acquire any specific amount of shares and can suspend or terminate the program at any time. The timing and number of shares repurchased will depend on factors such as price, market conditions, and alternative investment opportunities.

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Ibotta's Ibotta Performance Network (IPN) has won the 'Performance Marketing Innovation Award' in the 7th annual MarTech Breakthrough Awards. The IPN, launched in 2022, is the first digital network delivering coordinated promotions across retailer platforms, third-party publisher sites, and Ibotta's direct-to-consumer properties. It allows marketers to influence consumer behavior while only paying for successful sales.

Key highlights:

  • IPN reaches 98% of households through partnerships with major retailers like Walmart, Family Dollar, Dollar General, and Instacart
  • American shoppers have earned over $2 billion through the IPN since 2012
  • Ibotta serves more than 2,400 brand partners
  • The network utilizes AI-driven optimization for targeted promotions
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Ibotta (NYSE: IBTA) reported strong Q2 2024 financial results, demonstrating the success of its pay-for-performance model. Key highlights include:

- Total revenue of $87.9 million, up 14% year-over-year (29% non-GAAP growth)
- Redemption revenue of $74.0 million, up 27% year-over-year (51% non-GAAP growth)
- 13.7 million redeemers, a 158% increase year-over-year
- 80.7 million redemptions, up 58% year-over-year
- Net loss of $34.0 million (39% of revenue)
- Adjusted EBITDA of $25.3 million (29% margin)

Ibotta completed its IPO on April 22, 2024, raising $198.0 million in net proceeds. The company also announced a strategic partnership with Instacart and provided Q3 2024 guidance projecting revenue of $91-$96 million and Adjusted EBITDA of $28-$32 million.

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Ibotta (NYSE: IBTA) reported Q2 2024 financial results, showing strong growth. Key highlights include:

- Revenue increased 14% YoY to $87.9 million (29% non-GAAP growth)

- Redemption revenue grew 27% YoY to $74.0 million (51% non-GAAP growth)

- IPN redeemers surged 158% YoY to 13.7 million

- Redemptions increased 58% YoY to 80.7 million

- Net loss of $34.0 million (39% of revenue)

- Adjusted EBITDA of $25.3 million (29% margin)

The company announced Instacart as a new IPN partner and provided Q3 2024 guidance of $91-96 million in revenue and $28-32 million in Adjusted EBITDA.

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FAQ

What is the current stock price of Ibotta (IBTA)?

The current stock price of Ibotta (IBTA) is $73.14 as of November 29, 2024.

What is the market cap of Ibotta (IBTA)?

The market cap of Ibotta (IBTA) is approximately 2.2B.

What is Ibotta, Inc.?

Ibotta, Inc. is a performance marketing platform that allows brands to deliver digital promotions directly to consumers via the Ibotta Performance Network (IPN).

How does the Ibotta Performance Network work?

The IPN connects CPG brands with over 200 million consumers, allowing marketers to influence shopping behaviors and outcomes through measurable campaigns, paying only when a sale occurs.

Where is Ibotta headquartered?

Ibotta is headquartered in Denver, Colorado.

What significant milestones has Ibotta achieved?

Since its inception in 2012, Ibotta has facilitated over $1.8 billion in earnings for American shoppers and achieved the largest tech IPO in Colorado's history.

Who can I contact for corporate communications?

For corporate communications, you can reach out to Hilary O’Byrne at hilary.obyrne@ibotta.com.

Who can I contact for investor relations?

For investor relations, you can contact Shalin Patel at shalin.patel@ibotta.com.

What is the significance of Ibotta's platform for brands?

Ibotta's platform allows brands to create effective, result-driven marketing campaigns that directly influence consumer purchases, ensuring they only pay when a sale is made.

How many consumers are connected to the Ibotta Performance Network?

The Ibotta Performance Network connects over 200 million consumers.

Why is Ibotta considered a top workplace?

Ibotta is frequently recognized as a top place to work by The Denver Post and Inc. Magazine, reflecting its strong corporate culture and employee satisfaction.

What recent developments have there been at Ibotta?

Recent developments include the expansion of the IPN and new strategic partnerships with leading publishers, enhancing its market position.

Ibotta, Inc.

NYSE:IBTA

IBTA Rankings

IBTA Stock Data

2.23B
13.59M
50.87%
37.38%
3.04%
Software - Application
Services-advertising
Link
United States of America
DENVER