Ibotta Q1 revenue falls 2% but beats estimates

Ibotta

06/05/2026 21:58

Overview

US promotions platform's Q1 revenue declined 2% but beat analyst expectations

Adjusted EBITDA for Q1 beat analyst expectations; margin was 11%

Company repurchased 1.9 mln shares for $44.7 mln in Q1

Outlook

Ibotta sees Q2 2026 revenue between $82 mln and $86 mln, down 2% y/y at midpoint

Company expects Q2 2026 adjusted EBITDA of $9 mln to $12 mln, margin 12.5% at midpoint

Ibotta says it is positioned to return to y/y growth in Q3 2026

Result Drivers

THIRD-PARTY PUBLISHER GROWTH - Co said 15% year-over-year increase in third-party publisher redeemers and redemptions was driven by organic growth with existing publishers and the launch of DoorDash in 2025

DIRECT-TO-CONSUMER WEAKNESS - Direct-to-consumer revenue and redemptions declined sharply year-over-year, offsetting gains in third-party publisher segment

Company press release: ID:nBw920nQRa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$82.48 mln
$80.06 mln (9 Analysts)
Q1 Net Income
-$10.32 mln
Q1 Adjusted EBITDA
Beat
$8.72 mln
$7.18 mln (8 Analysts)
Q1 Adjusted EBITDA Margin
11.00%
Q1 Free Cash Flow
$23.28 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 $29.00, about 21.3% below its May 5 closing price of $36.85

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)