Strategic Partnerships:
Partnerships with major retailers and platforms are expanding, including recent exclusives with Uber and Giant Eagle alongside deep integrations with Walmart, Instacart, and DoorDash. This widening distribution has coincided with steady growth in IPN redeemers and third‑party publisher activity.
Market Expansion:
The network continues to add publishers and reach a broad U.S. audience across retailers, delivery platforms, and owned properties. IPN redeemers and redemptions have risen while third‑party publisher revenue increased, signaling wider market penetration.
Healthy Cash Flow:
Cash generation remains solid despite revenue softness, with meaningful operating cash flow and free cash flow reported for 2025 and in Q1 2026. This provides capacity to fund product initiatives and continued IPN expansion.
