Ibotta, Inc. Class A ( (IBTA) ) has released its Q4 earnings. Here is a breakdown of the information Ibotta, Inc. Class A presented to its investors.
Ibotta, Inc. is a leading performance marketing platform based in Denver, Colorado, that operates the largest digital promotions network in North America, allowing brands to deliver digital promotions to consumers through a network of publishers.
Ibotta, Inc. has reported its financial results for the fourth quarter and full year of 2024, highlighting a 15% year-over-year increase in total revenue to $367.3 million and a 27% increase in redemption revenue to $308.8 million. The company also completed its IPO on the New York Stock Exchange and expanded its network with new partnerships.
Key financial metrics for the year include a net income of $68.7 million, representing 19% of total revenue, and an Adjusted EBITDA of $112.2 million with a margin of 31%. The company generated $115.9 million in cash from operating activities and achieved a free cash flow of $105.7 million. Notably, the Ibotta Performance Network saw a 78% increase in redeemers, driven by strategic partnerships with major retailers like Walmart and Instacart.
In the fourth quarter, Ibotta’s revenue slightly declined by 1% to $98.4 million, but redemption revenue grew by 6% to $82.4 million. The company reported a significant increase in net income to $76.2 million, largely due to a tax benefit, and maintained a strong Adjusted EBITDA margin of 28%.
Looking ahead, Ibotta’s management remains focused on achieving near-term financial objectives while introducing innovations in measurement and targeting. The company anticipates continued growth and expansion in 2025, with a revenue outlook of $80 to $84 million for the first quarter, reflecting a stable performance at the midpoint.