Ibotta reports Q3 adjusted EPS 56c, two estimates 34c

Reports Q3 revenue $83.3M, consensus $82.14M. “We made significant strides in recent months to further strengthen our performance marketing platform,” said Ibotta (IBTA) CEO and founder, Bryan Leach. “Recent milestones include a strategic partnership with Circana to bring trusted third-party sales lift measurement to digital promotions and the launch of LiveLift for CPG brands. The LiveLift solution improves a brand’s ability to measure and optimize campaigns while they are live, enhancing our previous approach to measuring sales lift during a campaign. A growing number of clients are piloting LiveLift, which we believe is the first step in fundamentally shifting how promotions are perceived and ultimately allowing us to capture a larger percentage of CPG marketing spend.”