04:23 PM EST, 11/13/2024 (MT Newswires) -- Ibotta ( IBTA ) reported Q3 adjusted earnings late Wednesday of $0.94 per diluted share, up from $0.71 a year earlier.

Two analysts polled by Capital IQ expected $0.69.

Revenue for the quarter ended Sept. 30 rose to $98.6 million from $85.3 million a year earlier.

Analysts surveyed by Capital IQ expected $94.1 million.

The company said it expects Q4 revenue of $100 million to $106 million. Analysts polled by Capital IQ expect $110.3 million.

Shares of the company dropped past 15% in recent after-hours activity.

Price: 63.40, Change: -11.53, Percent Change: -15.39