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:
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“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.
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