Ibotta jumps as Q4 revenue forecast tops estimates

By Reuters News15 hours ago Updated

** Shares of digital promotions and cashback platform Ibotta IBTA.N jump 30% to $65.2, hitting highest since February 2025

** Walmart-backed firm forecasts Q4 revenue of $94 mln-$98 mln, largely above analysts' estimate of $94.86 million, according to data compiled by LSEG

** Posts Q3 adj. EBITDA of $23.8 mln, above analysts' estimate of $13.5 mln

** Reports Q3 revenue of $97.8 million, topping analysts' expectations of $88.68 mln

** CEO Bryan Leach says Q3 results benefited from an increase in advertiser-funded cashback and promotional offers

** 1 of 9 brokerages rate the stock "buy", 6 "hold" and 2 "sell"; their median PT is $38 - LSEG data

** Including session moves, IBTA stock has nearly tripled YTD

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