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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Ibotta, Inc. - IBTA
IBTAIbotta, Inc.(IBTA) Prnewswire·2025-03-03 17:50

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 0.67forQ42024,missingconsensusestimatesof0.67 for Q4 2024, missing consensus estimates of 0.71 [3]. - The company's revenue for the same period was 98.4million,reflectingayear−over−yeardeclineof198.4 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 34.01pershareonFebruary27,2025[4].IPODetails−IbottaconducteditsinitialpublicofferingonApril18,2024,offering6,560,700sharesatapriceof34.01 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].