Company: IBTA
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001538379-25-000010
Chunk: 113

Company: Ibotta, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 113
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 publisher.

Ibotta D2C redemption revenue per redemption

For the three months ended June 30, 2025 compared to the same period in 2024, D2C redemption revenue per redemption was $1.12 and $1.13, respectively. For the six months ended June 30, 2025 

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compared to the same period in 2024, D2C redemptions revenue per redemption was $1.14 and $1.16, respectively. This change was driven primarily by offer mix.

Third-party publisher redemption revenue per redemption

For the three months ended June 30, 2025 compared to the same period in 2024, third-party publisher redemption revenue per redemption was $0.83 and $0.80, respectively. For the six months ended June 30, 2025 compared to the same period in 2024, third-party publisher redemption revenue per redemption was $0.81 and $0.80, respectively. This change was driven primarily by offer mix.

Total redemption revenue per redemption

For the three months ended June 30, 2025 compared to the same period in 2024, total redemption revenue per redemption was $0.91 and $0.92, respectively. For the six months ended June 30, 2025 compared to the same period in 2024, total redemption revenue per redemption was $0.90 and $0.93, respectively.

Non-GAAP Measures

To supplement our condensed financial statements prepared and presented in accordance with U.S. generally accepted accounting policies (GAAP), we use certain non-GAAP financial measures, including Adjusted EBITDA and Adjusted EBITDA margin.

Our definitions may differ from the definitions used by other companies and therefore comparability may be limited. In addition, other companies may not publish these or similar metrics. These non-GAAP measures are not meant to be considered in isolation or as a substitute for the comparable GAAP measures, but are included solely for informational and comparative purposes. Non-GAAP financial measures are subject to limitations and should be read only in conjunction with our condensed financial statements prepared in accordance with GAAP. In light of these limitations, management also reviews the specific items that are excluded from our non-GAAP measures, as well as trends in these items.

Adjusted EBITDA and Adjusted EBITDA Margin

Adjusted EBITDA is earnings before interest income, net, provision for income taxes, and depreciation and amortization expense, and excludes