earnings
confidence high
sentiment positive
materiality 0.75
Ibotta Q1 revenue jumps 43% to $82.3M; net income $9.3M; guides Q2 revenue $83.5-$86.5M
Ibotta, Inc.
2024-Q1 EPS reported
$0.33
revenue$82,327,000
- Total revenue $82.3M (+43% YoY); non-GAAP revenue growth 46% excluding a $1.2M breakage benefit.
- Net income $9.3M (11% margin); Adjusted EBITDA $22.7M (28% margin).
- IPN redeemers 12.5M (+167% YoY); redemptions 71.5M (+65%).
- Family Dollar and AppCard joined IPN; Schnucks partnership planned for later 2024.
- Q2 guidance: revenue $83.5-$86.5M; Adjusted EBITDA $19.5-$22.5M (25% margin midpoint).