Instacart co-founder Apoorva Mehta launches Abundance, a hedge fund that aims to have AI agents run the entire fund, with $100M in seed funding
Instacart reports Q4 revenue up 12% YoY to $992M, vs. $974M est., gross transaction value up 14% YoY to $9.85B, and gives strong Q1 guidance; CART jumps 15%+
Instacart shares climbed 14% during extended trading on Thursday after the grocery delivery company reported strong fourth-quarter revenue and forecast upbeat guidance.
Instacart reports Q4 revenue up 12% YoY to $992M vs. $974M est., gross transaction value up 14% to $9.85B, gives strong Q1 guidance; CART jumps 14%+ after hours
Instacart shares climbed 14% during extended trading on Thursday after the grocery delivery company reported strong fourth-quarter revenue and upbeat guidance.
Instacart reports Q3 revenue up 10% YoY to $939M, above est., orders up 14% YoY to 83.4M, above 82.9M est., GTV up 10% to $9.1B, and plans a $1.5B share buyback
Natalie Lung / Bloomberg :
Instacart reports Q2 revenue up 11% YoY to $914M, above est., orders up 17% YoY to 82.7M, vs. 80.8M est., and projects its Q3 GPV and EBITDA above est.
Dear Shareholders, We delivered another strong quarter … Bill Peters / MarketWatch : Instacart says its grocery partners are starting to ‘embrace more competitive pricing,’ as demand forecast tops est...
Instacart launches Fizz, a Gen-Z focused app for group orders of drinks and party snacks with a flat $5 fee and a rewards program for brands to offer discounts
Natalie Lung / Bloomberg :
Instacart reports Q1 revenue up 9% YoY to $897M, gross transaction volume up 10% YoY to $9.1B, and forecasts Q2 adjusted EBITDA above est.; CART jumps 5%+
Dear Shareholders, We're off to a strong start in 2025 as we continue … Connor Hart / Wall Street Journal : Instacart Posts Higher Revenue on Increased Orders
Analysis: consumers spent $259.1B on Uber, Lyft, and DoorDash in 2024, up from $218.5B in 2023, with $162.8B on Uber, $80.2B on DoorDash, and $16.1B on Lyft
Lyft and DoorDash just reported their first years with net profits. Instacart is likely next. — For a long time …
Instacart reports Q2 revenue up 15% YoY to $823M, vs. $806M est., gross transaction value up 10% to $8.19B; CART jumps 7%+
Dear Shareholders, Our strong Q2 results demonstrate our consistent execution towards … Anita Ramaswamy / The Information : Instacart Shares Surge on Higher Revenue
Digital marketing software company Ibotta closes up 17% at $103.25 per share in its trading debut, after raising ~$577.3M in an IPO priced above marketed range
Above Marketed Range X: Katie Roof / @katie_roof : Ibotta closed up 17% today, following Reddit and Instacart as only the 3rd internet IPO since 2021 Hans Tung / @hanstung : 1/ Congrats to @bryan_leac...