Financial PerformanceIbotta reported significantly weaker-than-expected results, with a 17% year-over-year decline in revenue guidance at the midpoint.
Revenue GuidanceIbotta's 3Q revenue guidance is 20% below consensus expectations, highlighting ongoing struggles with promotional supply constraints.
Salesforce Execution IssuesThe transition to a new marketing model is facing challenges due to execution issues within Ibotta's salesforce and reduced CPG budgets.