IBTA

Ibotta posted a strong third quarter after 18 months of stagnation. The company appeared to cut prices on its marketing services and saw a big rebound in demand.

Ibotta Inc. posted strong Q3 revenue growth, driven by a 23% surge in third-party (3P) publisher network revenue, offsetting D2C declines. Gross margins remain robust near 80%, but GAAP operating margins are thin due to high stock-based compensation, limiting bottom-line leverage. Q4 guidance signals slower top-line and margin growth, but 3P momentum, new partnerships, and LiveLift's early success underpin a promising outlook.

Third-quarter revenue grew 17% year over year to $97.8 million. Third-party publisher redemption revenue increased 43% year over year.

Ibotta, Inc. ( IBTA ) Q3 2026 Earnings Call November 2, 2026 4:30 PM EST Company Participants Bryan Leach - Founder, President, CEO & Chairman Matthew Puckett - Chief Financial Officer Conference Call Participants Alexander Vegliante - Goldman Sachs Group, Inc., Research Division Mark Stephen Mahaney - Evercore ISI Institutional Equities, Research Division Bernard McTernan - Needham & Company, LLC, Research Division Kenneth Gawrelski - Wells Fargo Securities, LLC, Research Division Andrew Boone - Citizens JMP Securities, LLC, Research Division Ronald Josey - Citigroup Inc., Research Division Nitin Bansal - BofA Securities, Research Division Presentation Operator Good afternoon, and welcome to Ibotta's Q3 2026 Earnings Conference Call. With us today are Bryan Leach, Founder and CEO; and Matt Puckett, CFO.

Ibotta NYSE: IBTA reported third-quarter results above its guidance range, with revenue rising 17% year over year to $97.8 million and adjusted EBITDA increasing 43% to $23.8 million. Management attributed the performance to stronger advertiser offer supply, seasonal back-to-school programs, growth in its publisher network and increased consumer demand for savings.

DENVER--(BUSINESS WIRE)--Ibotta, Inc. (NYSE: IBTA), North America's leading digital promotions network, announced today that it will report third quarter 2026 financial results after the market closes on November 2, 2026. Management will host a conference call and webcast to discuss Ibotta's financial results, recent developments, and business outlook at 2:30 p.m. MT / 4:30 p.m. ET following the release of the financial results. What:   Ibotta Third Quarter 2026 Financial Results Conference Cal.

Ibotta is rated hold due to an 83% YTD share price surge and premium valuation versus digital advertising peers. IBTA's near-term EBITDA growth is negative, driven by elevated investment costs, despite strong redeemer and publisher expansion, including a new 7-Eleven partnership. Revenue growth remains unpredictable, tied to fluctuating FMCG advertiser budgets and offer supply; 2Q26 marked the first YoY revenue growth since 1Q25.

DENVER--(BUSINESS WIRE)--Ibotta, Inc. (NYSE: IBTA), North America's leading digital promotions network, today announced the appointment of Tony Weisman to its Board of Directors. Weisman brings more than 30 years of experience stewarding the world's biggest brands across go-to-market, digital transformation, and AI marketing implementation. As Chief Marketing Officer of Dunkin' U.S., he rebranded Dunkin' after 68 years as Dunkin' Donuts and transformed the brand's digital marketing and loyalty.

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