03:44 AM EST, 02/27/2025 (MT Newswires) -- Ibotta ( IBTA ) reported Q4 adjusted net income late Wednesday of $0.67 per diluted share, down from $0.99 a year earlier.

Analysts polled by FactSet expected $1.01.

Revenue for the quarter ended Dec. 31 was $98.4 million, down from $99.7 million a year earlier.

Analysts surveyed by FactSet expected $103.6 million.

For Q1, the company expects revenue of $80 million to $84 million. Analysts polled by FactSet expect $89.7 million.

Shares of the company fell more than 37% in after-hours activity Wednesday.