Latest news with #IbottaInc
Associated Press
4 days ago
- Business
- Associated Press
Kaplan Fox Alerts Investors of a Securities Class Action Deadline Against Ibotta, Inc. (IBTA) on June 16, 2025
NEW YORK, NY - June 2, 2025 ( NEWMEDIAWIRE ) - Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Ibotta, Inc. ('Ibotta' or the 'Company') (NYSE: IBTA) on behalf of Ibotta investors. CLICK HERE TO JOIN THE CASE If you are an investor in Ibotta and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003. DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than June 16, 2025 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. Ibotta purports to be a technology company that allows consumer packaged goods brands to deliver digital promotions to consumers through the Ibotta Performance Network. On April 18, 2024, Ibotta conducted its Initial Public Offering ('IPO'), offering 6,560,700 million shares of Class A common stock at a price of $88 per share. The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that; (i) Ibotta's data measurement system did not provide accurate, precise, and real time client campaign and consumer data measurement; (ii) the Company's business mix had shifted and was generating less revenue; and (iii) Ibotta had 'exhausted' its clients' budgets, negatively impacting fourth quarter 2024 revenue and expected first quarter 2025 revenue. According to the action, on February 26, 2025, after market hours, in connection with reporting fourth quarter 2024 and full year 2024 financial results, Ibotta's CEO Bryan W. Leach ('CEO Leach') explained just how deficient Ibotta's data measurement technology was by stating that 'it has become clear that we need to bring to market a more rigorous form of measurement that goes beyond the industry standard return on ad spend, or ROAS, framework.' Further CEO Leach allegedly announced that Ibotta would transform into a programmatic advertising company, which according to the complaint demonstrates that, at the time of the IPO, Ibotta's data measurement infrastructure was not suited for heavy reliance on third party platforms. On this news, the price of Ibotta's stock fell $29.08, or nearly 46%, to close at $34.09 on February 27, 2025, more than 60% lower than the IPO price of $88 per share. WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. If you have any questions about this Notice, your rights, or your interests, please contact: CONTACT: Pamela A. Mayer KAPLAN FOX & KILSHEIMER LLP 800 Third Avenue, 38th Floor New York, New York 10022 (646) 315-9003 [email protected] Laurence D. King KAPLAN FOX & KILSHEIMER LLP 1999 Harrison Street, Suite 1560 Oakland, California 94612 (415) 772-4704 [email protected] Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client. View the original release on
Yahoo
15-05-2025
- Business
- Yahoo
Ibotta Inc (IBTA) Q1 2025 Earnings Call Highlights: Strong Revenue Growth Amidst Margin Pressures
Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Ibotta Inc (NYSE:IBTA) reported Q1 2025 revenue and adjusted EBITDA above the guidance range, indicating strong financial performance. The company has successfully launched campaigns with two large CPG clients, leading to significant growth in redemption revenue. Ibotta Inc (NYSE:IBTA) is pioneering an omnichannel performance marketing platform for the CPG industry, which has shown promising early results. The integration with Instacart and DoorDash has expanded Ibotta Inc (NYSE:IBTA)'s reach in the online grocery marketplace, contributing to growth in redeemers. The company is actively engaging with senior leaders at CPG companies, which is expected to enhance strategic partnerships and drive future growth. Despite revenue growth, Ibotta Inc (NYSE:IBTA) experienced a decline in gross margin due to increased costs related to Instacart and other publishers. Ad and other revenues decreased by 22% year over year, indicating challenges in diversifying revenue streams. The company faces supply constraints in the short term, which may impact the availability of offers and limit growth potential. There is a significant reliance on a few key clients for the success of new initiatives, which could pose risks if these relationships do not expand as expected. The transition to new systems and processes requires significant management bandwidth and may lead to short-term disruptions in sales execution. Warning! GuruFocus has detected 4 Warning Sign with IBTA. Q: Can you provide insights on the early learnings from the Instacart integration and how it might drive growth? Also, how does DoorDash fit into this strategy? A: Brian Lee, CEO: We've seen attractive redemption rates with Instacart due to the ease of encountering offers online. We've expanded into new categories like alcohol, though it's currently limited to 13 states. With DoorDash, we've applied learnings from Instacart, and since DoorDash didn't have a preexisting promotions business, the transition has been smoother. We're steadily rolling out and expect to support alcohol and beverage offers there as well. Q: What are the key factors for expanding the CPI (Cost Per Incremental Dollar) pilot program to more clients? A: Brian Lee, CEO: We've seen partners expand brands participating in the CPI tool, which is promising. The key is getting on cycle with companies and building trust through credible measurement. We're automating processes to handle more clients efficiently, and as machine learning models improve, we'll gain more confidence and precision in our offerings. Q: How should we think about total CPG budgets for this year, and are there any updates on supply constraints? A: Brian Lee, CEO: Macroeconomic factors like tariffs have created some uncertainty, but we've factored this into our guidance. On the sales execution side, we're improving our processes to better support sellers. Our redemption volume on third-party networks is up significantly, and we're focusing on maintaining a balance between current and next-generation solutions. Q: Are there other major greenfield category opportunities similar to Instacart and DoorDash? A: Brian Lee, CEO: Yes, there are still untapped opportunities in the publisher ecosystem. Some publishers may expand into e-commerce, and there are adjacent extensions and whole new verticals we can explore. However, I can't disclose specifics in a public forum. Q: Are brands demanding a higher or lower cost per incremental dollar now, and how are you managing resources for the CPI ramp? A: Brian Lee, CEO: The target CPI varies by brand and their goals. We're automating processes to handle more clients efficiently, and while manual engagement is still necessary, we're building tools to make the process more self-service. Our goal is to become an indispensable tool for brand management, similar to Bloomberg in finance. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
San Francisco Chronicle
14-05-2025
- Business
- San Francisco Chronicle
Ibotta: Q1 Earnings Snapshot
DENVER (AP) — DENVER (AP) — Ibotta Inc. (IBTA) on Wednesday reported profit of $555,000 in its first quarter. The Denver-based company said it had profit of 2 cents per share. The digital company that offers consumers rewards and rebates posted revenue of $84.6 million in the period. For the current quarter ending in June, Ibotta said it expects revenue in the range of $86.5 million to $92.5 million. _____
Yahoo
14-05-2025
- Business
- Yahoo
Ibotta: Q1 Earnings Snapshot
DENVER (AP) — DENVER (AP) — Ibotta Inc. (IBTA) on Wednesday reported profit of $555,000 in its first quarter. The Denver-based company said it had profit of 2 cents per share. The digital company that offers consumers rewards and rebates posted revenue of $84.6 million in the period. For the current quarter ending in June, Ibotta said it expects revenue in the range of $86.5 million to $92.5 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on IBTA at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
