Cash-back rewards platform Ibotta (NYSE: IBTA) will be reporting earnings this Wednesday after the bell. Here’s what to look for.
Ibotta beat analysts’ revenue expectations by 3.1% last quarter, reporting revenues of $84.57 million, up 2.7% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EPS estimates. It reported 82.84 million total redemptions, up 15.9% year on year.
Is Ibotta a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Ibotta’s revenue to grow 3% year on year to $90.53 million, slowing from the 13.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.57 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Ibotta has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.1% on average.
Looking at Ibotta’s peers in the advertising & marketing services segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Liberty Broadband delivered year-on-year revenue growth of 6.1%, beating analysts’ expectations by 3.7%, and Taboola reported revenues up 8.7%, topping estimates by 3.6%. Liberty Broadband traded down 2.1% following the results while Taboola was up 6.4%.
Read our full analysis of Liberty Broadband’s results here and Taboola’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the advertising & marketing services stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.1% on average over the last month. Ibotta is down 15.1% during the same time and is heading into earnings with an average analyst price target of $59.63 (compared to the current share price of $31.64).
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