Ibotta reports FY2024 revenue up 15% to $367.3M; Q4 net income surges 309% to $76.2M

Ibotta, Inc.

2024-FY EPS reported $2.56 revenue$367,254,000

Full year 2024 revenue $367.3M (+15% YoY); non-GAAP revenue growth 20%; net income $68.7M (+80% YoY).
Q4 revenue $98.4M (-1% YoY); net income $76.2M (driven by tax benefit); Adjusted EBITDA $27.8M (28% margin).
Total redeemers 17.2M in Q4 (+27% YoY) led by Instacart launch; redemptions 94.6M (+1% YoY).
Q1 2025 guidance: revenue $80-84M (flat YoY midpoint); Adj. EBITDA $10-14M (15% margin).
Board authorized $31.2M share repurchases in FY2024; announced DoorDash partnership post year-end.

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