04:31 PM EDT, 08/13/2024 (MT Newswires) -- Ibotta ( IBTA ) reported Q2 adjusted earnings late Thursday of $0.68 per diluted share, down from $0.69 a year earlier.

Two analysts polled by Capital IQ expected $0.73.

Revenue in the quarter ended June 30 rose to $87.9 million from $77.4 million a year earlier.

Analysts surveyed by Capital IQ expected $85.8 million.

The company expects Q3 revenue of $91 million to $96 million.

Analysts polled by Capital IQ expect $98.6 million.

Separately, Ibotta ( IBTA ) and Instacart (CART) announced a partnership to provide Instacart customers access to Ibotta's ( IBTA ) catalog of digital coupons.

Financial terms weren't disclosed.

Ibotta ( IBTA ) shares fell 3.8% in recent after-hours activity, and Instacart dropped 1.9%.

Price: 56.00, Change: -2.19, Percent Change: -3.76