Ibotta beat its third-quarter guidance, with revenue up 17% year on year to $97.8 million and adjusted EBITDA up 43% to $23.8 million. Redemptions rose 40% to 116.4 million, and redeemers hit a record 23.6 million. Revenue per redemption fell 13% to $0.76, which the company blamed on mix and pricing. New publisher launches, including Giant Eagle and 7-Eleven, helped drive growth. Ibotta generated $16.8 million in free cash flow and bought back about 400,000 shares for $14.4 million. It expects fourth-quarter revenue of $94 million to $98 million and at least mid-single-digit revenue growth in 2027.

Ibotta (NYSE:IBTA) hits new 12-month high after better-than-expected earnings. November 3, 2026 Key points. * Ibotta shares surged to a new 52-week high of $60.70 after the company reported quarterly adjusted EPS of $0.62, far above the $0.13 consensus estimate. Revenue reached $97.8 million, up 17.4% year over year and ahead of expectations. * Growth indicators remained strong: third-party publisher redemption revenue rose 43%, total redemption revenue increased 23%, and the redeemer base expanded 30% to 23.6 million. Ibotta also forecast fourth-quarter revenue of $94 million to $98 million, above analyst consensus. * Profitability and valuation remain concerns. The company still has a negative net margin and return on equity, while analysts' consensus rating is "Reduce" with an average price target of $48.33, below the stock's post-earnings trading level. * Interested in Ibotta? Here are five stocks we like better. Ibotta, Inc. (NYSE:IBTA - Get Free Report) shares reached a new 52-week high during trading on Tuesday following a better than expected earnings announcement. The company traded as high as $60.70 and last traded at $60.70, with a volume of 207,019 shares. The stock had previously closed at $50.07. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.49. The business had revenue of $97.83 million during the quarter. Ibotta had a negative return on equity of 4.74% and a negative net margin of 3.21%. The business's quarterly revenue was up 17.4% on a year-over-year basis. During the same period last year, the company posted $0.56 earnings per share. Key stories impacting Ibotta. Here are the key news stories impacting Ibotta this week: * Q3 earnings and revenue beat expectations. Ibotta reported adjusted EPS of $0.62, above estimates ranging from $0.13 to $0.48, and revenue of $97.8 million, exceeding the $88.6 million FactSet estimate. Revenue rose 17.4% year over year, while earnings increased from $0.05 a year earlier. * Growth trends remained strong. Third-party publisher redemption revenue climbed 43% year over year, total redemption revenue increased 23%, and Ibotta's redeemer base expanded 30% to 23.6 million. Adjusted EBITDA also grew 43%, supporting management's view that growth is accelerating. * Fourth-quarter guidance topped consensus. Ibotta forecast Q4 revenue of $94 million to $98 million, compared with the $93.3 million analyst consensus, indicating continued confidence in demand and execution. * Goldman Sachs upgraded the stock. The firm raised Ibotta from "sell" to "neutral" and assigned a $58 price target, approximately 16% above the referenced $50 share price. Although not a bullish rating, the upgrade removes a negative recommendation overhang. * Profitability remains mixed. Despite the adjusted EPS beat, Ibotta continues to report a negative net margin and negative return on equity, so investors may focus on whether operating growth translates into sustained GAAP profitability. * Insider selling was limited. Marisa Daspit sold a combined 246 shares under a pre-arranged Rule 10b5-1 plan, representing only a small fraction of her remaining ownership and likely having little fundamental impact. Wall Street analyst weigh in. Several research firms have issued reports on IBTA. Wells Fargo & Company set a $49.00 price objective on Ibotta in a research report on Tuesday. Evercore set a $58.00 price target on shares of Ibotta in a research note on Tuesday. Weiss Ratings reiterated a "sell (d)" rating on shares of Ibotta in a report on Monday, September 21st. The Goldman Sachs Group upgraded shares of Ibotta from a "sell" rating to a "neutral" rating and set a $58.00 price objective for the company in a research note on Tuesday. Finally, UBS Group boosted their price objective on shares of Ibotta from $30.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of $48.33. Discover more MarketBeat All Access Stock Market News Stock Screener Tool Insider buying and selling. In related news, CTO Luke Swanson sold 3,695 shares of the firm's stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $49.97, for a total value of $184,639.15. Following the completion of the transaction, the chief technology officer directly owned 431,233 shares of the company's stock, valued at $21,548,713.01. This trade represents a 0.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Marisa Daspit sold 499 shares of Ibotta stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $50.15, for a total value of $25,024.85. Following the transaction, the insider directly owned 116,505 shares of the company's stock, valued at approximately $5,842,725.75. This represents a 0.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 136,138 shares of company stock worth $5,425,339. Insiders own 20.92% of the company's stock. Institutional inflows and outflows. Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC boosted its position in shares of Ibotta by 29.4% in the 4th quarter. Hsbc Holdings PLC now owns 993,977 shares of the company's stock worth $22,210,000 after buying an additional 226,021 shares in the last quarter. Bank of America Corp DE increased its holdings in Ibotta by 17.8% during the 1st quarter. Bank of America Corp DE now owns 239,167 shares of the company's stock valued at $7,168,000 after acquiring an additional 36,223 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Ibotta by 17.7% during the 1st quarter. Renaissance Technologies LLC now owns 239,300 shares of the company's stock valued at $7,172,000 after acquiring an additional 35,992 shares in the last quarter. Sei Investments Co. acquired a new position in Ibotta during the first quarter worth about $344,000. Finally, Engineers Gate Manager LP acquired a new position in Ibotta during the second quarter worth about $328,000. Ibotta price Performance. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -137.12 and a beta of -0.29. The business's 50-day simple moving average is $42.48 and its 200-day simple moving average is $32.86. Ibotta company profile. Ibotta, Inc is a technology company that operates a digital promotions and rewards platform. Through its Ibotta app and website, consumers can earn cash back and other rewards by purchasing eligible products from participating retailers. The company's offerings are designed to help brands and retailers deliver targeted promotions, measure consumer engagement and encourage purchases. Ibotta also provides its technology to retailers, publishers and other business partners through the Ibotta Performance Network. Further reading. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Ibotta, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ibotta wasn't on the list. While Ibotta currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys. MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely. Continue following MarketBeat

Ibotta (NYSE:IBTA) beat expectations in the third quarter of 2026, sending its shares up 12.5% to $56.35. Revenue rose 17.5% year on year to $97.83 million, 10.3% above analysts' consensus of $88.72 million. Adjusted earnings were $0.62 per share against the $0.44 expected. Adjusted EBITDA reached $23.8 million, a 24.3% margin. Free cash flow was $16.78 million, a 17.2% margin. The cash-back rewards platform guided fourth-quarter revenue to $96 million at the midpoint, above the $93.23 million consensus. It expects EBITDA of $16 million. Chief executive officer and founder Bryan Leach said the redeemer base grew 30% to 23.6 million. Ibotta's market capitalisation is $1.13 billion.