Ibotta disclosed its financial results for the second quarter on August 13, 2024, marking its first report since its initial public offering (IPO), revealing a net loss of $34.0 million, which constitutes 39% of its revenue for the period. The company reported a 19% decline in direct-to-consumer redemptions on a year-over-year basis, accompanied by a 7% reduction in the number of direct-to-consumer redeemers. Furthermore, the total number of redemptions per redeemer exhibited a notable year-over-year decrease of 39%. Additionally, the revenue generated per redemption exhibited a year-over-year decline over 19%.