Ibotta, Inc. (IBTA) Q2 2026 Earnings Call

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WEBVTT 00:00:00.051 -- 00:00:05.593 Good afternoon and welcome to Ibotta's Q2 2026 earnings conference call. 00:00:05.593 -- 00:00:10.075 With us today are Bryan Leach, founder and CEO, and Matt Puckett, CFO. 00:00:10.075 -- 00:00:13.536 Today's press release and this call contain forward-looking statements. 00:00:13.536 -- 00:00:17.597 Forward-looking statements include statements about our future operating results, our 00:00:17.597 -- 00:00:24.279 guidance for Q3 2026, our ability to grow our revenue, Thank you. 00:00:38.307 -- 00:00:40.787 Thank you for joining us. 00:01:00.972 -- 00:01:05.475 Reconciliations to the most comparable gap measures are available in our earnings press 00:01:05.475 -- 00:01:10.739 release, our 10Q to be filed this week, and our Q2 2026 earnings 00:01:10.739 -- 00:01:16.781 presentation, which are all available on our investor relations website at investors.ibata.com. 00:01:17.523 -- 00:01:21.646 Unless otherwise noted, revenue and adjusted EBITDA comparisons to prior periods are 00:01:21.646 -- 00:01:26.299 provided on a year-over-year basis. With that, I'll turn it over to Bryan. 00:01:26.299 -- 00:01:30.645 Thank you and good afternoon, everyone. I'm pleased to report that in the second quarter, 00:01:30.645 -- 00:01:34.850 Ibotta delivered top and bottom line financial results that exceeded the high end of 00:01:34.850 -- 00:01:39.877 our guidance range. And importantly, we've returned to year-over-year revenue growth 00:01:39.877 -- 00:01:43.090 a full quarter ahead of our expectations. 00:01:43.090 -- 00:01:45.590 Thank you for watching. 00:01:58.819 -- 00:02:03.862 In Q2, redemption revenue grew by 10% year over year, marking our fastest pace of 00:02:03.862 -- 00:02:08.706 growth in this core part of our business since the third ...