UPDATE: Ibotta Sees Q3 Revenue $91M-$96M Vs $98.65M Est.
Portfolio Pulse from Benzinga Newsdesk
Ibotta has provided its financial guidance for Q3 2024, projecting revenue between $91 million and $96 million, which is higher than the estimated $85.73 million. The company also expects an adjusted EBITDA of $28 million to $32 million, representing a 32% margin at the midpoint.
August 13, 2024 | 8:12 pm
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POSITIVE IMPACT
Ibotta has provided a positive financial outlook for Q3 2024, with revenue projections exceeding estimates and a strong adjusted EBITDA margin.
Ibotta's revenue projection for Q3 2024 exceeds market estimates, indicating strong business performance. The high adjusted EBITDA margin further supports a positive outlook for the company's financial health.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100