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 performance marketing platform focused on digital promotions for Consumer Packaged Goods (CPG) brands, and its news flow reflects this focus on item-level promotions, measurement, and technology. The company operates the Ibotta Performance Network (IPN), which it describes as the largest item-level digital promotions network in North America, reaching over 200 million consumers through a broad publisher network.
News about Ibotta often centers on quarterly financial results, where the company reports revenue, redemption revenue, redeemers, and redemptions across its direct-to-consumer and third-party publisher channels. These updates also highlight non-GAAP metrics such as adjusted EBITDA and adjusted net income, along with management’s commentary on operational trends and the evolution of its performance marketing approach for CPG brands.
Another recurring theme in Ibotta’s news coverage is strategic partnerships and measurement initiatives. The company has announced collaborations with Circana and ABCS Insights to provide third-party sales lift studies that quantify incremental sales generated by Ibotta campaigns. Ibotta also announces product developments such as LiveLift™, an in-flight measurement and optimization tool designed to help brands adjust campaigns while they are live.
Investors and observers can also find updates on investor conference participation, where Ibotta’s leadership discusses topics such as data, measurement, and the role of digital promotions in the CPG ecosystem. In addition, consumer-focused announcements, including the annual Thanksgiving cash back program and related charitable contributions, illustrate how the company uses its platform to deliver savings to shoppers.
For anyone tracking IBTA, this news page provides a centralized view of earnings releases, partnership announcements, product launches, and corporate events that shape Ibotta’s performance marketing and digital promotions business.
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.
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.
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.
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
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.
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.
Ibotta (NYSE: IBTA) and Instacart (Nasdaq: CART) have announced a strategic partnership to provide Instacart customers with access to Ibotta's digital coupons. Ibotta will become Instacart's preferred third-party coupon provider across eligible categories. This partnership expands the Ibotta Performance Network (IPN), allowing CPG brands to reach millions of additional consumers with targeted promotions on Instacart's platform.
The collaboration aims to deliver more timely and relevant coupons to consumers, helping them save money on everyday purchases. For CPG brands, it creates an enhanced opportunity to reach consumers across Instacart's marketplace of over 1,500 retail banners and 85,000 stores in North America. The partnership is set to go live later this year, aligning with the projected 5.6% growth of the U.S. grocery industry to $1.5 trillion in 2024.
Ibotta (NYSE: IBTA), a leading technology company in digital promotions and performance marketing solutions, has announced its plans to report second quarter 2024 financial results on August 13, 2024, after the 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 to discuss the financial results, recent developments, and business outlook.
Investors and interested parties can access the live call by dialing 877-405-1211 (US/Canada) or +1 215-268-9896 (International). Additionally, a webcast of the conference call will be available on the company's investor relations website at ir.ibotta.com.
Ibotta (NYSE: IBTA) announced its financial results for Q1 2024, reporting an impressive 43% year-over-year revenue growth to $82.3 million and non-GAAP revenue growth of 46%. The company achieved a net income of $9.3 million, which is 11% of revenue, and an Adjusted EBITDA of $22.7 million, marking a 28% margin. Additionally, total redemption revenue soared by 63% year-over-year to $68 million, with 12.5 million redeemers, a 167% increase. Significant partnerships were announced, including Family Dollar, AppCard, and an upcoming collaboration with Schnuck Markets. Following its IPO on April 22, 2024, Ibotta raised $197.5 million. The company provides an optimistic outlook for Q2 2024, forecasting revenue between $83.5 million and $86.5 million and Adjusted EBITDA of $19.5 million to $22.5 million.
Ibotta (NYSE: IBTA) announced that Schnucks, a leading grocery chain, has joined the Ibotta Performance Network (IPN).
This partnership will enable Schnucks customers to access thousands of new product offers through Ibotta's digital promotions platform.
The collaboration will also involve strategic R&D to enhance the grocery shopping experience, focusing on personalized offers and advanced digital solutions.
Ibotta aims to integrate its innovative technology with Schnucks' existing rewards program, providing greater value and savings for customers.
Digital offers will be available to Schnucks customers later this year.
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