Ibotta, Inc. Q1 Profit Drops

Ibotta, Inc. (IBTA) released earnings for first quarter that decreased from the same period last year

The company's earnings totaled $0.56 million, or $0.02 per share. This compares with $9.30 million, or $0.33 per share, last year.

Excluding items, Ibotta, Inc. reported adjusted earnings of $12.11 million or $0.36 per share for the period.

The company's revenue for the period rose 2.7% to $84.57 million from $82.33 million last year.

Ibotta, Inc. earnings at a glance (GAAP) :

-Earnings: $0.56 Mln. vs. $9.30 Mln. last year.
-EPS: $0.02 vs. $0.33 last year.
-Revenue: $84.57 Mln vs. $82.33 Mln last year.

-Guidance:
Next quarter revenue guidance: $86.5 - $92.5 Mln

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com