NYSE:IBTAMedia
Ibotta (IBTA) Stock Surges As Revenue Growth Returns Despite Margin Risk
Ibotta went into this earnings print with a stock that had been treading water. Over the past month the share price moved only 4.9% and the 90 day return sat just under 1%. Then the quarterly report hit and the stock ripped 51.9% higher to US$37.34.
The headline is simple. Ibotta returned to year over year revenue growth faster than management had guided and did it with US$88.9m of Q2 revenue and US$16.5m of adjusted earnings before interest, tax, depreciation and amortization. Free cash flow...