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.
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.
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.
FAQ
What is the current stock price of Ibotta (IBTA)?
What is the market cap of Ibotta (IBTA)?
What is Ibotta, Inc.?
How does the Ibotta Performance Network work?
Where is Ibotta headquartered?
What significant milestones has Ibotta achieved?
Who can I contact for corporate communications?
Who can I contact for investor relations?
What is the significance of Ibotta's platform for brands?
How many consumers are connected to the Ibotta Performance Network?
Why is Ibotta considered a top workplace?
What recent developments have there been at Ibotta?
