Core Viewpoint - DJS Law Group is investigating Ibotta, Inc. for potential violations of securities laws related to misleading statements and undisclosed information impacting investors [1] Investigation Details - The investigation centers on whether Ibotta issued false or misleading statements and failed to disclose relevant information to investors [1] - Ibotta reported a net loss of $34 million for Q2 2024, attributed to a doubling of operating expenses [1] - The company provided a Q3 revenue forecast that fell below analyst estimates, leading to a significant drop in share price the following day [1]

Company Overview - Ibotta, Inc. provides digital promotion services through a network of publishers known as the Ibotta Performance Network [3] - The company completed its initial public offering in April 2024, selling over 7.5 million shares at $88.00 per share, resulting in over $660 million in gross offering proceeds [3] Recent Developments - On February 26, 2025, Ibotta reported its first full-year financial results as a public company, indicating that first quarter 2025 sales were expected to be flat and margins were projected to shrink by approximately 50% [4] - Following this announcement, Ibotta's stock price experienced a significant decline of 46% [4] Legal Investigation - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Ibotta, focusing on whether the company and certain executives made false or misleading statements or failed to disclose material information to investors [1][2]

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Ibotta, Inc. due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation and Class Action - Shareholders who purchased Ibotta securities may be entitled to compensation through a class action without any out-of-pocket fees, as the Rosen Law Firm prepares to seek recovery of investor losses [2]. - The investigation follows a significant drop in Ibotta's stock price, which fell 46% on February 27, 2025, after the company reported fourth-quarter earnings that missed expectations and provided disappointing guidance for the first quarter of 2025 [3]. Group 2: Company Background and Legal Expertise - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions, highlighting its own achievements in recovering substantial amounts for investors [4]. - The firm has been recognized for its performance in securities class action settlements, including a notable settlement against a Chinese company and being ranked among the top firms in this area since 2013 [4].

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Ibotta, Inc. due to allegations of materially misleading business information issued by the company [1]. Group 1: Investigation and Legal Action - Shareholders who purchased Ibotta securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees [2]. - The Rosen Law Firm is preparing a class action to seek recovery of investor losses related to Ibotta [2]. Group 2: Company Performance and Stock Impact - On February 26, 2025, Ibotta's shares fell 30% after the company reported fourth-quarter earnings that missed expectations and provided weak guidance for the first quarter of 2025 [3]. - Following the negative news, Ibotta's stock plummeted 46% on February 27, 2025 [3]. Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been ranked No. 1 for securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [4].

LOS ANGELES, March 3, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Ibotta, Inc. ("Ibotta" or "the Company") (NYSE: IBTA) for violations of the securities laws.The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Ibotta reported its financial reports for the second quarter of 2024 on August 13, 2024. ...

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud and unlawful business practices involving Ibotta, Inc. and its executives, following disappointing financial results and a significant stock price drop [1][3]. Financial Performance - Ibotta reported earnings per share of $0.67 for Q4 2024, missing consensus estimates of $0.71 [3]. - The company's revenue for the same period was $98.4 million, reflecting a year-over-year decline of 1% [3]. - Ibotta provided a weaker-than-expected outlook for Q1 2025, leading to analyst downgrades due to advertising supply constraints and sales execution challenges [3]. Stock Performance - Following the release of its financial results, Ibotta's stock price fell by $29.08, or 46.09%, closing at $34.01 per share on February 27, 2025 [4]. IPO Details - Ibotta conducted its initial public offering on April 18, 2024, offering 6,560,700 shares at a price of $88.00 per share [2].

Core Viewpoint - Kirby McInerney LLP is investigating potential claims against Ibotta, Inc. regarding possible violations of federal securities laws and unlawful business practices [1]. Financial Performance - Ibotta reported fourth quarter revenue of $98.4 million for the year ended December 31, 2024, which is a 1% decline year-over-year [3]. - The company provided a revenue outlook for the first quarter of 2025, estimating between $80 million and $84 million, indicating a 0% year-over-year increase at the midpoint [3]. - Following the financial results announcement, Ibotta's share price fell by $29.08, or approximately 46%, from $63.09 on February 26, 2025, to $34.01 on February 27, 2025 [3].

SAN DIEGO, Feb. 27, 2025 (GLOBE NEWSWIRE) -- The Denver Law Office of Johnson Fistel, LLP is investigating whether Ibotta, Inc. (NYSE: IBTA)—headquartered in Denver, Colorado—or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose information to investors. What if I purchased Ibotta securities? If you purchased securities and suffered losses on your investment, join our investigation now: Click Here to Join the Investigation For more information, ...

Ibotta (IBTA) Q4 2024 Earnings Call February 27, 2025 03:50 AM ET Company Participants Shalin Patel - VP - Investor RelationsBryan Leach - Founder, President, CEO & ChairmanSunit Patel - Chief Financial OfficerAndrew Marok - DirectorAndrew Boone - Managing DirectorEric Sheridan - Managing DirectorRon Josey - Managing DirectorChris Kuntarich - Internet Equity Research Conference Call Participants Curtis Nagle - Director - Senior US SMID Cap Internet AnalystBernie Mcternan - Senior Research Analyst Shalin Pat ...

Financial Data and Key Metrics Changes - The company reported revenue of $98.4 million for Q4 2024, representing a non-GAAP revenue decline of 0.5% year-over-year, excluding $0.8 million in one-time breakage revenue from the prior year [39][97] - Adjusted EBITDA for Q4 was $27.8 million, reflecting a margin of 28%, down from 33% in Q4 2023, indicating a 14% decline in adjusted EBITDA [39][97] - Free cash flow for the quarter was $19.4 million, bringing the full year 2024 total to $105.7 million [38][96] Business Line Data and Key Metrics Changes - Redemption revenue was $82.4 million, up 7% year-over-year on a non-GAAP basis, while ad and other revenues, now 16% of total revenue, were $16 million, down 27% year-over-year [40][98] - Third-party publisher redemption revenue increased by 39% year-over-year to $52.3 million, while D2C redemption revenue decreased by 24% to $30.1 million, excluding the one-time breakage benefit [40][99] - Total redeemers reached 17.2 million, up 27% year-over-year, driven by the launch of Instacart and growth in Walmart's audience [41][99] Market Data and Key Metrics Changes - The company experienced a decline in redemptions per redeemer, which fell by 20% year-over-year to 5.5, attributed to the growth of third-party redeemers with lower redemption frequency [42][100] - Redemption revenue per redemption increased by 6% year-over-year to $0.87, reflecting a mix shift within the CPG portfolio [42][100] Company Strategy and Development Direction - The company aims to establish a more rigorous measurement framework for ROI beyond the standard return on ad spend (ROAS) to unlock higher investment levels from clients [21][79] - A new framework for measuring incremental sales lift has been introduced, allowing clients to track the volume of incremental revenue generated [80][81] - The company is transitioning to a programmatic interface for buying performance-based media, moving away from traditional annual promotions budgets [80][84] Management's Comments on Operating Environment and Future Outlook - Management acknowledged disappointment in Q4 performance, attributing it to insufficient offer supply from CPG brands relative to redeemer growth [8][67] - The outlook for Q1 2025 is softer than anticipated, with expected revenue in the range of $80 million to $84 million, indicating flat revenue growth [47][105] - Management expressed confidence in improving near-term execution and highlighted early signs of success in new sales strategies [34][58] Other Important Information - The company reduced its workforce by 8% to streamline operations and better allocate resources [18][75] - A new Chief Revenue Officer has been appointed to enhance sales execution and improve long-term positioning [14][36] - The company plans to introduce CPM pricing for D2C ads and improve ad performance through a new third-party ad server [89][90] Q&A Session Summary Question: What are the expectations for revenue growth in Q1? - The company expects revenue in the range of $80 million to $84 million, representing flat growth, with anticipated challenges in offer supply impacting revenue [47][105] Question: How is the company addressing the decline in D2C ad revenue? - Management plans to improve D2C ad functionality by introducing CPM pricing and enhancing the ad buying experience [89][90] Question: What are the strategic goals for 2025? - The company aims to establish a more rigorous measurement framework and transition to a programmatic buying model to unlock larger budgets from clients [21][79]