Ibotta Q2 revenue $87.9M (+14% YoY); net loss $34M, Adj EBITDA $25.3M; guides Q3 rev $91-96M

Ibotta, Inc.

2024-Q2 EPS reported -$1.41 revenue$170,253,000

Total revenue $87.9M (+14% YoY); non-GAAP revenue growth 29% excluding prior-year breakage benefit of $9.4M.
Net loss $34.0M vs $15.3M profit in Q2 2023; Adjusted EBITDA $25.3M (29% margin).
Redeemers up 158% to 13.7M; redemptions up 58% to 80.7M, driven by Walmart program expansion.
Announced multi-year strategic partnership with Instacart; digital offers to launch later in 2024.
Q3 2024 guidance: revenue $91-96M, Adjusted EBITDA $28-32M (32% margin at midpoint).

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