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Ibotta reports Q1 adjusted EPS 36c vs 53c last year

Reports Q1 revenue $84.6M, consensus $82.05M. “We made significant progress in the first quarter in establishing Ibotta (IBTA) as the first full-service performance marketing platform for the CPG industry,” said Ibotta CEO and founder, Bryan Leach. “We ran successful campaigns with two of the largest CPG companies in the world and showed how our latest capabilities can deliver profitable revenue growth at scale. We also expanded our pilot program to a select number of new clients, with an ambitious roadmap to scale to our full client base in the future. We are excited to demonstrate the power of applying performance marketing to a massive industry that has never had it before.”

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