Latest news with #Ibotta
CNBC
a day ago
- Business
- CNBC
Stocks making the biggest moves midday: Miami International, Paramount Skydance, Advance Auto Parts & more
Check out the companies making the biggest moves midday: Miami International Holdings — The parent of Miami-based exchange operator MIAX surged more than 43% in its public market debut at the New York Stock Exchange. The company priced its IPO at $23 per share. It last traded above $31. Paramount Skydance — The media company fell more than 6%, giving back some of Wednesday's stunning surge. Paramount rallied 37% in the previous session, marking its best day ever. Amcor — The packaging company plummeted more than 14% after its fiscal fourth-quarter results missed analyst estimates. The company earned 20 cents per share on revenue of $5.08 billion. That's below the StreetAccount consensus of 22 cents per share in earnings and $5.19 billion in revenue. Its full-year guidance was also soft. SITime — The tech equipment maker rose more than 1% after UBS initiated coverage of with a buy rating and a price target that signals about 20% upside from Wednesday's close. "SiTime's leadership position within the MEMS timing market has led to design wins at Apple and NVDA that we believe are catalysts for 36%/30% Y/Y total revenue growth in CY26/CY27e," UBS said. Advance Auto Parts — Shares fell more than 9% after the auto parts retailer slashed its 2025 outlook. Advance Auto expects to earn between $1.20 and $2.20 per share from its continuing operations, down from a prior forecast of $1.50 to $2.50 per share. The company reiterated its sales and cash flow forecasts. It also said it expects tariffs to "have a more pronounced impact" in the second half of the year. Li Auto — Shares fell about 5% following JPMorgan's downgrade of the Chinese electric vehicle company to neutral. Analyst Nick Lai cited stiff competition as a reason for caution. Tapestry — The Coach New York and Kate Spade parent sank 15% after its full-year outlook missed analysts' estimates. Tapestry forecast full-year earnings of $5.30 to $5.45 per share, while analysts polled by FactSet were looking for $5.49. Deere — The farm equipment maker dropped about 6% after Deere trimmed the top end of its full-year outlook. The Moline, Illinois-based manufacturer forecast net income of $4.75 billion to $5.25 billion, versus a previous forecast of $4.75 billion to $5.50 billion. Ibotta — The tech company plummeted more than 32% after second-quarter results missed analysts' estimates. Ibotta earned 8 cents per share, below the 19 cents per share that analysts surveyed by LSEG estimated. Ibotta reported revenue of $86 million, below analysts' forecast of $90.5 million. Coherent — The semiconductor maker fell 24% after its fiscal fourth-quarter non-GAAP operating margin totaled 18% against a FactSet consensus estimate of 18.2%. A fiscal first-quarter earnings per share forecast, excluding one-time items, of 93 cents to $1.13 compared to analysts' consensus estimate of $1.02 in a range of 89 cents to $1.23, according to FactSet data. Fiscal first-quarter revenue was pegged at $1.46 billion to $1.60 billion against a consensus $1.55 billion. Bullish — The crypto exchange rallied 12%. The stock soared more than 83% on Wednesday, its first day as a public company . Kratos Defense and Security Solutions — Shares gained about 2% after BTIG upgraded the defense stock to buy on Thursday. Analyst Andre Madrid said the company could be a key beneficiary of wider defense budgets. DLocal — The financial technology stock surged more than 23% on the heels of better-than-expected second-quarter earnings and revenue. HSBC upgraded DLocal to buy, with analyst Neha Agarwala noting better cost controls and new products that could drive revenue. — CNBC's Christina Cheddar-Berk, Alex Harring, Sean Conlon and Brian Evans contributed reporting.
CNBC
a day ago
- Business
- CNBC
Stocks making the biggest moves premarket: Deere, Tapestry, Coherent, Bullish and more
Check out the companies making headlines in premarket trading. Li Auto — Shares fell about 2% following JPMorgan's downgrade of the Chinese electric vehicle company to neutral. Analyst Nick Lai cited stiff competition as a reason for caution. Tapestry — The Coach New York and Kate Spade parent sank more than 10% after its full-year outlook missed analyst estimates. Tapestry forecast full-year earnings of $5.30 to $5.45 per share, while analysts polled by FactSet were looking for $5.49. Deere — The farm equipment maker dropped about 6% after Deere trimmed the top end of its full-year outlook. The Moline, Illinois-based manufacturer forecast net income of $4.75 billion to $5.25 billion, versus a previous forecast of $4.75 billion to $5.50 billion. Ibotta — The tech company plummeted more than 34% after second-quarter results missed analyst estimates. Ibotta earned 8 cents per share, below the 19 cents per share that analysts surveyed by LSEG estimated. Ibotta reported revenue of $86 million, below analysts' forecast of $90.5 million. Coherent — The semiconductor maker fell more than 19% after saying it would sell its aerospace and defense business to Advent for $400 million. As a result, the company said its forward outlook does not include roughly $20 million in revenue from its aerospace and defense business, as it expects the sale to close in the current quarter. Coherent also reported better-than-expected fiscal fourth-quarter earnings and revenue. Bullish — Shares surged 14% in extended trading. The stock soared more than 83% on Wednesday, its first day as a public company . Kratos Defense and Security Solutions — Shares gained about 3% after BTIG upgraded the defense stock to buy on Thursday. Analyst Andre Madrid said the company could be a key beneficiary of wider defense budgets. DLocal — The financial technology stock surged more than 23% on the heels of better-than-expected second-quarter earnings and revenue. HSBC upgraded DLocal to buy, with analyst Neha Agarwala noting better cost controls and new products that could drive revenue. — CNBC's Alex Harring contributed reporting.
Business Wire
2 days ago
- Business
- Business Wire
Ibotta Reports Second Quarter 2025 Financial Results
- Revenue declined by 2% year-over-year to $86.0 million Redemption revenue declined by 1% year-over-year to $73.2 million Generated net income of $2.5 million, representing net income as a percent of revenue of 3%, and Adjusted EBITDA of $17.9 million, representing a 21% Adjusted EBITDA margin Generated cash from operating activities of $25.9 million and free cash flow of $18.9 million DENVER--(BUSINESS WIRE)--Ibotta, Inc. (NYSE: IBTA), which operates the largest item-level digital promotions network in North America, today announced financial results for the second quarter ended June 30, 2025. 'Ibotta is working hard to bring the power of performance marketing to the CPG industry, allowing our clients to drive profitable revenue growth at scale,' said Ibotta CEO and founder, Bryan Leach. Share 'Ibotta is working hard to bring the power of performance marketing to the CPG industry, allowing our clients to drive profitable revenue growth at scale,' said Ibotta CEO and founder, Bryan Leach. 'We are working to fundamentally shift the ways promotions are perceived which requires us to reinvent how they are measured and change how they are purchased to more closely resemble other forms of digital media, where advertisers turn on campaigns and leave them on as long as they are delivering positive incremental returns on investment. We believe this transformation will allow us to capture a greater portion of our total addressable market for CPG marketing spend, unlock advertiser supply, and take advantage of our fast-growing network, both now and into the future. I also want to welcome Matt Puckett to Ibotta as our new CFO. We are thrilled to have his leadership as we move into our next phase of growth.' Second Quarter 2025 Financial Highlights: Total revenue of $86.0 million, representing a year-over-year decline of 2%. Total redemption revenue of $73.2 million, a decrease of 1% year-over-year. During the quarter, the IPN had 17.3 million redeemers, compared to 13.7 million redeemers in the second quarter of 2024, an increase of 27% year-over-year. The primary driver of year-over-year growth was the launch of Instacart during the fourth quarter of 2024, like-for-like growth at our existing publishers, and the partial launch of DoorDash. Increased third-party publisher redemptions to 58.6 million, compared to 52.1 million in the second quarter of 2024, an increase of 12% year-over-year. Generated net income of $2.5 million, representing net income as a percent of revenue of 3%, and adjusted net income of $14.9 million, representing adjusted net income as a percent of revenue of 17%. Delivered Adjusted EBITDA of $17.9 million, representing an Adjusted EBITDA margin of 21%. Generated cash from operating activities of $25.9 million and free cash flow of $18.9 million. Repurchased 1.4 million shares for a total of $67.5 million at an average price per share of $46.59, exclusive of broker commissions and excise tax. The following table summarizes the Company's financial results for the three and six months ended June 30, 2025 and 2024: The following table summarizes the Company's performance metrics for the three and six months ended June 30, 2025 and 2024: Three months ended June 30, Six months ended June 30, Performance Metrics Redemptions: Direct-to-consumer redemptions 21,933 28,573 (23 )% 43,561 56,248 (23 )% Third-party publisher redemptions 58,551 52,142 12 % 119,763 95,934 25 % Total redemptions 80,484 80,715 — % 163,324 152,181 7 % Redeemers: Direct-to-consumer redeemers 1,594 1,800 (11 )% 1,625 1,864 (13 )% Third-party publisher redeemers 15,742 11,902 32 % 15,588 11,230 39 % Total redeemers 17,336 13,702 27 % 17,213 13,095 31 % Redemptions per redeemer: Direct-to-consumer redemptions per redeemer 13.8 15.9 (13 )% 26.8 30.2 (11 )% Third-party publisher redemptions per redeemer 3.7 4.4 (15 )% 7.7 8.5 (9 )% Total redemptions per redeemer 4.6 5.9 (21 )% 9.5 11.6 (18 )% Redemption revenue per redemption: Direct-to-consumer redemption revenue per redemption $ 1.12 $ 1.13 — % $ 1.14 $ 1.16 (2 )% Third-party publisher redemption revenue per redemption $ 0.83 $ 0.80 4 % $ 0.81 $ 0.80 1 % Total redemption revenue per redemption $ 0.91 $ 0.92 (1 )% $ 0.90 $ 0.93 (3 )% Expand Note that certain figures shown above may not recalculate due to rounding. Second Quarter 2025 Business Highlights: 27% year-over-year growth in quarterly redeemers on the Ibotta Performance Network. Ibotta digital offers became available to the majority of DoorDash customers. Added to our Revenue leadership team with new hires in the roles of SVP of Enterprise Sales and SVP of Business Marketing and subsequent to quarter-end, SVP of Revenue Operations. Subsequent to quarter-end, announced the hiring of Matt Puckett as CFO. Subsequent to quarter-end, implemented a sales re-organization and held our Summer Sales Kick Off, where we introduced a simplified sales motion and paved the way for our transition to performance marketing. Financial Guidance: Third quarter 2025 outlook summary: Revenue of $79.0 - $85.0 million, a year-over-year decrease of 17% at the midpoint. Adjusted EBITDA of $9.5 - $13.5 million, representing a margin of 14% at the midpoint. Guidance for Adjusted EBITDA is earnings before interest income, net, provision for income taxes, and depreciation and amortization, and excludes stock-based compensation, restructuring charges, and other expense, net. We have not reconciled Adjusted EBITDA to GAAP net income for our guidance because we do not provide guidance on GAAP net income and would not be able to present the various reconciling cash and non-cash items between the GAAP and non-GAAP financial measures since certain items that impact these measures are uncertain or out of our control, or cannot be reasonably predicted, including share-based compensation expense, without unreasonable effort. The actual amounts of such reconciling items could have a significant impact on the Company's GAAP net income. Use of Non-GAAP Financial Information Included within this press release are the non-GAAP financial measures of adjusted EBITDA, adjusted EBITDA margin, adjusted net income, adjusted net income as a percent of revenue, adjusted diluted net income per share and free cash flow that supplement the condensed financial statements of the Company prepared under generally accepted accounting principles (GAAP). The non-GAAP financial information is presented for supplemental informational purposes only and is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. Please see the accompanying tables for reconciliations of these non-GAAP financial measures to their nearest GAAP equivalents. Adjusted EBITDA is earnings before interest income, net, provision for income taxes, and depreciation and amortization, and excludes stock-based compensation, change in fair value of derivative, loss on debt extinguishment, restructuring charges, and other expense, net. Adjusted EBITDA margin is calculated as Adjusted EBITDA as a percent of revenue. Adjusted net income excludes stock-based compensation, loss on debt extinguishment, change in fair value of derivative, restructuring charges, and the related income tax effects. The income tax effect of non-GAAP adjustments is the difference between GAAP and non-GAAP income tax expense. Non-GAAP income tax expense is computed on non-GAAP pre-tax income (GAAP pre-tax income adjusted for non-GAAP adjustments). Adjusted diluted net income per share is calculated as adjusted net income divided by diluted weighted average common shares outstanding. Free cash flow is defined as cash provided by operating activities, less additions to property and equipment and capitalization of software development costs. The Company's management believes that these non-GAAP measures can assist investors in evaluating the Company's operational trends, financial performance, and cash-generating capacity. Management believes these non-GAAP measures allow investors to evaluate the Company's financial performance using some of the same measures as management. Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures versus their nearest GAAP equivalents. The Company's definitions may differ from the definitions used by other companies and therefore comparability may be limited. In addition, other companies may not publish these or similar metrics. These non-GAAP measures are not meant to be considered in isolation or as a substitute for the comparable GAAP measures, but are included solely for informational and comparative purposes. Non-GAAP financial measures are subject to limitations and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. In light of these limitations, management also reviews the specific items that are excluded from our non-GAAP measures, as well as trends in these items. Second Quarter 2025 Financial Results Webcast and Conference Call Details Key Business Terms and Notes Ibotta Performance Network (IPN): An AI-enabled technology platform that allows CPG brands to deliver digital promotions to consumers via a network of publishers, in a coordinated fashion and on a fee-per-sale basis. Redeemers: A consumer who has redeemed at least one digital offer within the time period specified. If a consumer were to redeem on more than one publisher during that period, they would be counted as multiple redeemers. Year-to-date redeemers are calculated as the average of current year quarter-to-date redeemers. Redemptions: A verified purchase of an item qualifying for an offer by a client on the IPN. Redemption Revenue: The Company's customers promote their products and services to consumers through cash back offers on the IPN. The Company earns a fee per redemption which is recognized in the period in which the redemption occurred. The Company may also charge fees to set up a redemption campaign which are deferred and recognized over the average duration of historical redemption campaigns. About Ibotta ("I bought a...") Ibotta (NYSE: IBTA) is a leading provider of digital promotions for CPG brands, reaching over 200 million consumers through a network of publishers called the Ibotta Performance Network (IPN). The IPN allows marketers to influence what people buy, and where and how often they shop – all while paying only when their campaigns directly result in a sale. American shoppers have earned over $2.5 billion through the IPN since 2012. The largest tech IPO in history to come out of Colorado, Ibotta is headquartered in Denver, and is continually listed as a top place to work by The Denver Post and Inc. Magazine. Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statements relating to expectations concerning matters that are not historical facts may constitute forward-looking statements. Forward-looking statements may include, without limitation, statements by our CEO and founder about our ability to transition our product and go-to-market, and the Company's financial guidance, such as revenue and Adjusted EBITDA. When words such as 'believe,' 'expect,' 'anticipate,' 'will', 'outlook' or similar expressions are used, the Company is making forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it cannot give readers any assurance that such expectations will prove correct. These forward-looking statements involve risks, uncertainties and assumptions, including those related to the Company's relatively limited operating history, which makes it difficult to evaluate the Company's business and prospects, the demands and expectations of clients and the ability to attract and retain clients. The actual results may differ materially from those anticipated in the forward-looking statements as a result of numerous factors, many of which are beyond the control of the Company. These and other factors are disclosed in the Company's reports filed from time to time with the Securities and Exchange Commission, available at Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company does not intend to update any forward-looking statement contained in this press release to reflect events or circumstances arising after the date hereof, except as required by law. (1) Amounts include stock-based compensation expense as follows (in thousands): Expand Three months ended June 30, Six months ended June 30, 2025 2024 2025 2024 Cost of revenue $ 625 $ 365 $ 1,282 $ 523 Sales and marketing (2) 4,873 26,808 10,002 30,430 Research and development 2,500 4,036 5,647 4,589 General and administrative 5,644 13,608 10,463 14,120 Total stock-based compensation expense $ 13,642 $ 44,817 $ 27,394 $ 49,662 Expand (2) Stock-based compensation expense included in sales and marketing includes common stock warrant expense of $2.1 million and $21.9 million recognized during the three months ended June 30, 2025 and 2024, respectively, and $4.3 million and $24.9 million recognized during the six months ended June 30, 2025 and 2024, respectively. Expand Ibotta, Inc. CONDENSED BALANCE SHEETS (In thousands) June 30, December 31, 2025 2024 (unaudited) Assets Current assets: Cash and cash equivalents $ 250,549 $ 349,282 Restricted cash 58 408 Accounts receivable, net 208,976 220,883 Prepaid expenses and other current assets 23,064 11,168 Total current assets 482,647 581,741 Property and equipment, net 9,044 1,951 Capitalized software development costs, net 19,054 16,201 Equity investment 4,531 4,531 Deferred tax assets, net 74,407 73,211 Operating lease assets 10,357 — Other long-term assets 738 794 Total assets $ 600,778 $ 678,429 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 10,596 $ 7,160 Due to third-party publishers 94,713 93,982 Deferred revenue 5,148 4,964 User redemption liability 70,922 74,006 Accrued expenses 17,831 17,965 Other current liabilities 4,823 6,088 Total current liabilities 204,033 204,165 Long-term liabilities: Operating lease liabilities, long-term 24,923 — Unrecognized tax benefits, long-term 17,694 16,981 Total liabilities 246,650 221,146 Stockholders' equity: Preferred stock — — Class A common stock — — Class B common stock — — Additional paid-in capital 664,427 629,050 Treasury stock (172,898 ) (31,321 ) Accumulated deficit (137,401 ) (140,446 ) Total stockholders' equity 354,128 457,283 Total liabilities and stockholders' equity $ 600,778 $ 678,429 Expand Ibotta, Inc. CONDENSED STATEMENTS OF CASH FLOWS (In thousands) (unaudited) Six months ended June 30, 2025 2024 Operating activities Net income (loss) $ 3,045 $ (24,669 ) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization 4,610 4,023 Impairment of capitalized software development costs 241 366 Stock-based compensation expense 23,049 24,802 Common stock warrant expense 4,345 24,860 Credit loss expense 1,454 681 Loss on extinguishment of debt — 9,630 Amortization of debt discount and issuance costs 75 1,029 Change in fair value of convertible notes derivative liability — 3,085 Other 10 23 Changes in assets and liabilities: Accounts receivable 10,463 16,741 Other current and long-term assets (23,467 ) (1,603 ) Accounts payable 1,126 (2,917 ) Due to third-party publishers 731 7,387 Accrued expenses (1,535 ) (7,787 ) Deferred revenue 184 203 User redemption liability (3,084 ) (3,487 ) Other current and long-term liabilities 24,468 2,019 Net cash provided by operating activities 45,715 54,386 Investing activities Additions to property and equipment (5,520 ) (353 ) Additions to capitalized software development costs (6,448 ) (4,436 ) Net cash used in investing activities (11,968 ) (4,789 ) Financing activities Proceeds from exercise of stock options 7,357 4,706 Debt issuance costs (2 ) — Proceeds from initial public offering, net — 206,692 Deferred offering costs — (5,637 ) Purchase of treasury stock (140,176 ) — Taxes paid related to net share settlement of equity awards (2,045 ) — Proceeds from employee stock purchase plan 2,036 — Other financing activities — (91 ) Net cash (used in) provided by financing activities (132,830 ) 205,670 Net change in cash, cash equivalents, and restricted cash (99,083 ) 255,267 Cash, cash equivalents, and restricted cash, beginning of period 349,690 62,591 Cash, cash equivalents, and restricted cash, end of period $ 250,607 $ 317,858 Expand The following table disaggregates the Company's direct-to-consumer and third-party publishers revenue by redemption and ad & other revenue: Non-GAAP Financial Metrics (In thousands, except shares, per share amounts, and percentages) The following tables show the Company's non-GAAP financial metrics reconciled to the comparable GAAP financial metrics included in this release: Reconciliation of Adjusted Net Income Three months ended June 30, Six months ended June 30, 2025 2024 2025 2024 Net income (loss) $ 2,490 $ (33,966 ) $ 3,045 $ (24,669 ) Stock-based compensation 13,642 44,817 27,394 49,662 Change in fair value of derivative — 1,385 — 3,085 Loss on debt extinguishment — 9,630 — 9,630 Restructuring charges 557 — 2,116 — Adjustment for income taxes (1,797 ) (2,007 ) (5,554 ) (2,451 ) Adjusted net income $ 14,892 $ 19,859 $ 27,001 $ 35,257 Revenue $ 86,029 $ 87,926 $ 170,603 $ 170,253 Adjusted net income as a percent of revenue 17 % 23 % 16 % 21 % Weighted average common shares outstanding, diluted 30,433,519 25,659,465 31,819,817 17,484,092 Net income (loss) per share, diluted $ 0.08 $ (1.32 ) $ 0.10 $ (1.41 ) Adjusted weighted average common shares outstanding, diluted 30,433,519 29,022,347 31,819,817 20,065,490 Expand Reconciliation of Free Cash Flow Three months ended June 30, Six months ended June 30, 2025 2024 2025 2024 Net cash provided by operating activities $ 25,855 $ 35,020 $ 45,715 $ 54,386 Additions to property and equipment (3,626 ) (201 ) (5,520 ) (353 ) Additions to capitalized software development costs (3,374 ) (2,121 ) (6,448 ) (4,436 ) Free cash flow $ 18,855 $ 32,698 $ 33,747 $ 49,597 Expand Contacts Corporate Communications Hilary O'Byrne, Investor Relations Shalin Patel, Industry: Apps/Applications Technology Other Retail Other Technology Electronic Commerce Communications Software Digital Marketing Retail Online Retail More News From Ibotta, Inc. Get RSS Feed Ibotta To Announce Second Quarter 2025 Financial Results on August 13, 2025 DENVER--(BUSINESS WIRE)--Ibotta (NYSE: IBTA), which operates the largest digital promotions network in North America, announced today that it will report second quarter 2025 financial results after the market closes on Wednesday, August 13, 2025. Management will host a conference call and webcast to discuss Ibotta's financial results, recent developments, and business outlook at 2:30 p.m. MT/4:30 p.m. ET following the release of the financial results. What: Ibotta Second Quarter 2025 Financia... Ibotta Strengthens Senior Revenue Leadership to Supercharge Sales Strategy DENVER--(BUSINESS WIRE)--Ibotta, Inc. (NYSE: IBTA), which operates the largest digital promotions network in North America, today announced the strategic expansion of its senior sales leadership team with the appointments of David Parisi as Senior Vice President of Client Partnerships and Chris Boyd as Senior Vice President of Business Marketing. The key hires underscore Ibotta's commitment to advancing its go-to-market strategy and establishing Ibotta as the first full-service performance mark... Ibotta, Inc. NYSE:IBTA Release Versions English Contacts Corporate Communications Hilary O'Byrne, Investor Relations Shalin Patel,
Business Wire
4 days ago
- Business
- Business Wire
Ibotta Names Matt Puckett as Chief Financial Officer
DENVER--(BUSINESS WIRE)--Ibotta, Inc. (NYSE: IBTA), which operates the largest digital promotions network in North America, today announced the appointment of industry leader, Matt Puckett, as its new Chief Financial Officer (CFO), effective August 25. Puckett will lead Ibotta's financial strategy and operations, and investor relations as the Company continues its commitment to innovation in performance marketing for CPGs. Puckett will lead Ibotta's financial strategy and operations, and investor relations as the Company continues its commitment to innovation in performance marketing for CPGs. "We are thrilled to welcome Matt to the Ibotta executive team," said Bryan Leach, founder and CEO of Ibotta. "His deep expertise in all aspects of financial strategy and management, experience in operational execution, and proven track record of guiding innovative companies through periods of transformation will be invaluable as we continue to revolutionize the way brands connect with their customers. Matt's leadership will be instrumental in optimizing our financial performance and ensuring sustainable growth." Most recently, Puckett served as CFO of VF Corporation (NYSE: VFC), a multi-billion dollar global leader in branded lifestyle apparel and footwear. Over his 23-year tenure at VF, Matt held multiple operating CFO roles, including a four-year international assignment in Switzerland overseeing finance across Europe and Asia. As enterprise CFO, Matt led a large global finance team and oversaw investor relations, corporate finance, financial planning, and M&A. He has extensive expertise in stakeholder management, board and investor relations, and aligning financial strategy and capital allocation with business objectives. Prior to VF, Matt held finance leadership roles in the furniture industry. He earned his Bachelor of Science in Accounting from the University of Virginia at Wise. Commenting on his appointment, Matt stated, "I am incredibly excited to join Ibotta at such a dynamic and important time. Ibotta has a powerful mission and a strong market position, and I look forward to contributing to its continued success. I'm eager to work with the talented team to drive financial excellence across the Company, explore new opportunities, and deliver exceptional value to our shareholders, partners, clients and customers." Puckett will replace Valarie Sheppard, who has served as Ibotta's interim CFO since March 14, 2025. Sheppard will continue to serve on the Company's board. 'On behalf of the Ibotta team and our Board of Directors, I want to thank Valarie for seamlessly stepping in to lead our Finance team as interim CFO earlier this year,' said Leach. 'We're grateful that she will be resuming her role as Lead Independent Director on our Board and Chair of our Audit Committee.' Puckett's appointment follows Ibotta's recent launch of the first-of-its-kind dynamic performance marketing campaigns with multiple leading CPG clients, allowing them to manage promotional spend based on measurable ROIs. The new offering is central to Ibotta's strategy to further enhance its industry-leading IPN, which offers CPG brands and retailers a way to deliver digital promotions to over 200 million consumers through a single, convenient network. About Ibotta ("I bought a...") Ibotta (NYSE: IBTA) is the leading provider of digital promotions for CPG brands, reaching over 200 million consumers through a network of publishers called the Ibotta Performance Network (IPN). The IPN allows marketers to influence what people buy, and where and how often they shop – all while paying only when their campaigns directly result in a sale. American shoppers have earned over $2.4 billion through the IPN since 2012. The largest tech IPO in history to come out of Colorado, Ibotta is headquartered in Denver, and is continually listed as a top place to work by The Denver Post and Inc. Magazine.
Globe and Mail
15-07-2025
- Business
- Globe and Mail
Ibotta To Announce Second Quarter 2025 Financial Results on August 13, 2025
Ibotta (NYSE: IBTA), which operates the largest digital promotions network in North America, announced today that it will report second quarter 2025 financial results after the market closes on Wednesday, August 13, 2025. Management will host a conference call and webcast to discuss Ibotta's financial results, recent developments, and business outlook at 2:30 p.m. MT/4:30 p.m. ET following the release of the financial results. What: Ibotta Second Quarter 2025 Financial Results Conference Call When: Wednesday, August 13, 2025 Time: 2:30 p.m. MT/4:30 p.m. ET Webcast: About Ibotta ("I bought a...") Ibotta (NYSE: IBTA) is a leading performance marketing platform allowing brands to deliver digital promotions to over 200 million consumers through a network of publishers called the Ibotta Performance Network (IPN). The IPN allows marketers to influence what people buy, and where and how often they shop – all while paying only when their campaigns directly result in a sale. American shoppers have earned over $2.4 billion through the IPN since 2012. The largest tech IPO in history to come out of Colorado, Ibotta is headquartered in Denver, and is continually listed as a top place to work by The Denver Post and Inc. Magazine.
