Ibotta Stock Jumps 21% as Third-Quarter Revenue Beats Its Guidance Range

Ibotta (NYSE: IBTA) shares rose 20.5% on Tuesday, closing at $60.35 against a previous close of $50.07, on volume about 8.9 times normal. The S&P 500 ETF (SPY) rose 0.30% over the same session.

The move followed an 8-K filed after the close on Monday, Nov. 2, which furnished the company's press release on third-quarter 2026 results. The release said results for the quarter exceeded the upper end of the guidance range for both revenue and adjusted EBITDA.

Growth accelerated in the quarter

Total revenue rose 17% year over year to $97.8 million, and total redemption revenue rose 23% to $88.5 million. Third-party publisher redemption revenue grew 43% to $70.7 million. Adjusted EBITDA was $23.8 million, a 24.3% margin, up 43% from a year earlier.

The company reported a GAAP net loss of $3.5 million, or 3.6% of revenue, compared with net income of $1.5 million a year earlier. Non-GAAP net income was $16.0 million.

Fourth-quarter outlook

For the fourth quarter, Ibotta guided to revenue of $94 million to $98 million, an 8% increase at the midpoint, and adjusted EBITDA of $15 million to $17 million.

Analyst raises target

Needham kept its Buy rating and raised its price target on Ibotta to $65 from $45 before the open on Tuesday.

The company also repurchased 0.4 million shares for $14.4 million during the quarter and reported cash from operating activities of $22.0 million and free cash flow of $16.8 million.