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 (IBTA) operates a leading performance marketing platform that connects consumer brands with shoppers through digital promotions. This page aggregates official news releases and verified updates about the company’s financial performance, strategic partnerships, and technological innovations.
Investors and industry professionals will find timely updates on earnings reports, product launches, and market expansions. All content is organized to help users track IBTA’s growth in the competitive digital advertising sector, particularly its AI-driven solutions for CPG brands.
Key updates include quarterly financial results, new retail network integrations, and advancements in the Ibotta Performance Network (IPN). Each announcement is sourced directly from the company to ensure accuracy and relevance for stakeholders.
Bookmark this page for streamlined access to IBTA’s latest developments. Check back regularly to monitor how the company continues to reshape performance-based marketing through measurable, sales-driven campaigns.
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.
Ibotta (NYSE: IBTA) has appointed Chris Riedy as its new Chief Revenue Officer, effective January 13, 2025. Riedy, who will report to CEO Bryan Leach, brings over 25 years of experience in sales, business development, product, and marketing. He previously served as CRO at tvScientific and held various leadership positions at X (formerly Twitter), including Vice President of Global Sales and Marketing.
In his role as CRO, Riedy will oversee all revenue-generating activities, lead Ibotta's Sales team, and strengthen relationships with brand partners. His appointment aims to support Ibotta's mission to Make Every Purchase Rewarding and drive sustainable revenue growth as the company continues its journey as a public company.
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.
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.
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.
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.
FAQ
What is the current stock price of Ibotta (IBTA)?
What is the market cap of Ibotta (IBTA)?
