The digital promotions firm reported a wider-than-expected GAAP loss but exceeded revenue forecasts for the quarter.
Ibotta reported a GAAP loss per share of $0.43, missing estimates by $0.12. Revenue reached $82.48M, surpassing expectations by $1.76M.
Analysts had anticipated a narrower loss and slightly lower revenue for the period. The company’s revenue growth reflects increased adoption of its digital promotions platform.
Shares showed limited movement in after-hours trading as investors weighed the earnings miss against the revenue beat.