Ibotta Q2 revenue beats estimates on redemption growth

Ibotta

03/08/2026 21:25

Overview
US performance marketing platform's Q2 revenue grew 3% yr/yr, beating analyst expectations
Adjusted EBITDA for Q2 beat consensus, with margin at 18.6%
Company repurchased 0.7 mln shares for $23 mln during the quarter

Outlook
Ibotta sees Q3 revenue of $86 mln to $90 mln, up 6% at midpoint
Company expects Q3 adjusted EBITDA of $12 mln to $14 mln, margin of 14.8% at midpoint
Ibotta expects Uber partnership to ramp in coming months

Result Drivers
ADVERTISER OFFER SUPPLY - Co said 10% yr/yr growth in redemption revenue was driven by increased advertiser offer supply and strong execution
THIRD-PARTY PUBLISHER GROWTH - 27% yr/yr increase in third-party publisher redemptions and 24% rise in redeemers supported overall revenue growth
DIRECT-TO-CONSUMER DECLINE - Direct-to-consumer redemptions and revenue fell, partially offsetting gains from third-party publishers

Company press release: ID:nBw3HZhLba

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$88.90 mln
$84.98 mln (8 Analysts)
Q2 Net Loss
 
$1.20 mln
 
Q2 Adjusted EBITDA
Beat
$16.50 mln
$11.12 mln (8 Analysts)
Q2 Adjusted EBITDA Margin
 
18.60%
 
Q2 Free Cash Flow
 
$8.10 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 6 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy."
Wall Street's median 12-month price target for Ibotta Inc is $34.00, about 41.7% above its July 31 closing price of $24.00

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)