Why Ibotta Stock Soared in March 2025

Shares of mobile cash-back shopping service provider Ibotta (NYSE: IBTA) rose 26.4% in March, according to data from S&P Global Market Intelligence. The stock entered March on a low note, following a disappointing earnings report at the end of February. From there, Ibotta proved to be resilient against marketwide and sector-deep bearish trends.Ibotta's March story really begins on Feb. 26. The company announced financial results that day, inspiring a 46.1% price drop on Feb. 27. Fourth-quarter sales fell 1% year over year, which was a sharp downturn from at least 15% growth in its first four earnings reports as a public company. Adjusted earnings dropped 32% lower to $0.67 per diluted share, falling short of Wall Street's consensus estimate of $0.71 per share.The company ran low on coupon-style offer budgets at the end of the fourth quarter. That's unfortunate timing, given the huge importance holiday shopping holds across the retail and advertising sectors. In short, people are so interested in Ibotta's cost-saving offers that the service ran out of deals to share.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool