Stock Track | Ibotta (IBTA) Shares Soar 5.14% as Q3 Earnings Beat Propels the Stock

Stock Track11-16

Ibotta Inc. (NYSE:IBTA) saw its stock soar 5.14% intraday on Friday, November 15th, 2024 after reporting stellar third quarter 2024 earnings results.

The mobile shopping rewards app and media company delivered a net income of $17.2 million for the quarter, up from $0 in Q3 2023. Earnings per share of $0.56 came in significantly higher than analyst expectations, beating estimates by a whopping 45%.

Revenue for the period also exceeded forecasts, climbing 16% year-over-year and outpacing the 3.7% growth projected for the overall US media industry. Looking ahead, Ibotta guided for continued robust revenue growth of around 16% annually over the next three years.

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(NYSE:IBTA) saw its stock soar 5.14% intraday on Friday, November 15th, 2024 after reporting stellar third quarter 2024 earnings results.\nThe mobile shopping rewards app and media company ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IBTA","symbol_name":"iShares iBonds Dec 2021 Term Treasury ETF","start_time":0,"source_url":"","article_id":"1112731259","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1112731259","pubTimestamp":1731700947,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Ibotta Inc.  saw its stock soar 5.14% intraday on Friday, November 15th, 2024 after reporting stellar third quarter 2024 earnings results.The mobile shopping rewards app and media company delivered a net income of $17.2 million for the quarter, up from $0 in Q3 2023. 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