Ibotta reported second-quarter 2026 earnings that exceeded guidance expectations, with the company returning to year-over-year revenue growth a quarter earlier than anticipated. The digital promotions platform achieved 10% year-over-year growth in redemption revenue, its fastest pace since Q3 2024. Third-party redemption revenue grew 27% year-over-year, driven by expansion in the company's redeemer base. Ibotta's redeemer count increased 21% year-over-year to 20.9 million, marking the fastest growth rate since Q2 2025. CEO Bryan Leach attributed the performance to steady improvement in advertiser offer supply, benefiting from both core products and newer capabilities like LiveLift. The company highlighted efficient growth across its expanded network footprint, indicating continued strength in demand-side metrics.

Ibotta returned to year-over-year revenue growth a quarter ahead of schedule, reporting Q2 2026 revenue of $88.9 million, up 3%. Redemption revenue grew 10% year-over-year to $80.2 million, the fastest pace since Q3 2024. The company's redeemer base expanded 21% to 20.9 million users. Third-party publisher redemption revenue surged 27% to $61.5 million, whilst direct-to-consumer redemption revenue fell 24% to $18.7 million. Ibotta secured a major partnership with 7-Eleven, expanding its convenience store presence to over 11,500 US locations. The company posted adjusted EBITDA of $16.5 million, representing an 18.6% margin, and generated $8.1 million in free cash flow during the quarter. For Q3 2026, Ibotta expects revenue between $86 million and $90 million, with adjusted EBITDA of $12 million to $14 million.

7-Eleven and Ibotta partner for performance-based convenience retail promotions. Ibotta, Inc. (NYSE: IBTA), North America's leading digital promotions network, recently announced it will serve as the exclusive third-party provider of CPG digital offers (excluding age-restricted items) to the 7-Eleven, 7NOW, and Speedway apps, reaching shoppers across more than 11,500 U.S. store locations. The partnership gives CPG brands a direct path to 7-Eleven and Speedway shoppers through the Ibotta Performance Network, with brands only paying when there is a verified sale of their product. This partnership expands Ibotta's footprint into the convenience channel, bringing the accountability CPG brands rely on in grocery and delivery to one of the largest loyalty ecosystems in the market. "7-Eleven and Speedway stores represent a significant opportunity for CPG brands with enormous purchase volume. We are excited to bring our leading digital offer content and best-in-class measurement capabilities to 7-Eleven, Inc.," said Bryan Leach, founder and CEO of Ibotta. "This partnership gives our customers the same performance accountability they have in grocery and delivery, now in one of the hardest-to-reach retail channels in the country." Shoppers will be able to clip Ibotta-powered offers directly inside 7-Eleven, Inc. apps before purchasing in-store, at the pump, or via delivery, with rewards deposited directly into their 7Rewards or Speedy Rewards loyalty accounts. The Ibotta Performance Network brings closed-loop measurement capabilities to CPG promotions in the convenience channel for the first time at scale. "At 7-Eleven, we are investing in the digital and physical infrastructure that makes every visit more valuable for our shoppers while driving volume for brands," said Yaqub Baiani, Chief Product Officer at 7-Eleven. "Joining with Ibotta gives CPG brands a leading performance-based solution inside one of the most powerful loyalty programs in convenience retail."