Ibotta Inc. reported its financial results for the first quarter of 2025, highlighting a 3% year-over-year increase in revenue, reaching $84.6 million. Redemption revenue saw an 8% rise to $73.4 million. The company generated a net income of $0.6 million, which represents 1% of its revenue. Adjusted EBITDA was $14.7 million, translating to a 17% adjusted EBITDA margin. The company also reported generating $19.9 million in cash from operating activities and a free cash flow of $14.9 million. Despite a decline in adjusted net income, which fell 21% to $12.1 million, Ibotta's CEO and founder, Bryan Leach, emphasized significant progress in establishing the company as a full-service performance marketing platform for the consumer packaged goods $(CPG.UK)$ industry. The company successfully ran campaigns with two of the largest CPG companies globally, showcasing its capabilities in this sector.
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