Why Ibotta, Inc. Rallied Over 30% Today

Ibotta stock surged over 30% after reporting strong Q3 2026 earnings with 17.4% revenue growth, marking a significant turnaround from an 18-month revenue slump. The company's decision to lower its take rate per redemption drove higher volumes, while adjusted EBITDA jumped 43%. Aggressive share buybacks have reduced share count by 20% over the past year despite maintaining a strong net cash position.