Instacart Parent Maplebear Reports Mixed Q4 Results: EPS Beat, Revenues Miss, Orders Grow 11% YoY

Benzinga
02-26

Maplebear Inc. (NASDAQ:CART) reported its fourth-quarter results after Tuesday's closing bell. Here's a look at the key figures from the quarter. 

The Details: Maplebear reported quarterly earnings of 53 cents per share, which beat the analyst consensus estimate of 39 cents. Quarterly revenue came in at $883 million, which missed the analyst consensus estimate of $891 million and is an increase over revenue of $803 million from the same period last year.

The company reported the following fourth-quarter figures:

  • GTV of $8,645 million, up 10% year-over-year.
  • Orders of 77.5 million, up 11% year-over-year.
  • Total revenue of $883 million, up 10% year-over-year, representing 10.2% of GTV.
  • Transaction revenue of $616 million, up 10% year-over-year, representing 7.1% of GTV.

Read Next: Tesla Competes Against Chinese Rivals ‘With One Hand Tied Behind Its Back’: Analyst

“2024 was a terrific year for Instacart. By making our service better and more valuable for our customers and enhancing our technologies for retailers and brands, we strengthened our leadership position in online grocery. We ended the year with Q4 orders and GTV growth at 11% and 10% year-over-year, respectively, and continued to have the leading share of sales by far in both small and big baskets amongst digital-rst players,” CEO Fidji Simo wrote in a letter to shareholders.

CART Price Action: According to data from Benzinga Pro, Maplebear shares are down 8.77% after hours at $44.50 Tuesday.  

Read Next: 

  • Bitcoin Plunges As Consumer Confidence Falls: What’s Driving Markets Tuesday?

Image: Shutterstock

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10