Instacart Announces Fourth Quarter and Full Year 2024 Financial Results

Rhea-AI Summary

Instacart (NASDAQ: CART) has announced the release of its financial results for Q4 and full year 2024, ending December 31, 2024. The company has made the detailed financial information available in their fourth quarter 2024 Shareholder Letter, which can be accessed through their Investor Relations website.

Management will discuss these results in a conference call scheduled for 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) today, with an audio webcast available on their investor website.

Insights

Financial Analyst

Instacart (NASDAQ: CART) has announced the release of its Q4 and full-year 2024 financial results, though this announcement is merely a notification that the detailed results are available in the shareholder letter on the company's investor relations website.

It's important to note that this press release contains no actual financial figures or performance metrics, making substantive analysis impossible without accessing the full shareholder letter. The market cap of $13.17 billion indicates Instacart remains a significant player in the grocery delivery space, though the stock has experienced volatility since its 2023 IPO.

Investors reviewing the full results should focus on several key metrics:

• GMV (Gross Merchandise Value) growth trends, particularly as consumer behavior has normalized post-pandemic
• Revenue diversification beyond delivery fees, especially high-margin advertising business performance
• Profitability metrics and margin expansion initiatives
• Active user growth and retention statistics
• Progress on enterprise technology solutions being sold to retail partners

The grocery delivery sector faces significant challenges including intensifying competition from Amazon Fresh, Walmart, DoorDash, and others, alongside consumer price sensitivity in the current economic environment. Instacart's ability to maintain growth while improving unit economics will be crucial.

The scheduled conference call at 5:00 p.m. Eastern Time today will likely provide additional context and forward guidance that isn't contained in this announcement. Investors should review the complete shareholder letter and listen to management commentary before drawing conclusions about Instacart's performance and outlook.

SAN FRANCISCO, Feb. 25, 2025 /PRNewswire/ -- Instacart (NASDAQ: CART) today released financial results for its fourth quarter and full year ended December 31, 2024. These financial results are available within Instacart's fourth quarter 2024 Shareholder Letter, which can be found on the company's Investor Relations website at https://investors.instacart.com/.

Instacart management will host a conference call to discuss the company's results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) today. An audio webcast of the conference call will be available on the company's Investor Relations website at https://investors.instacart.com/.

About Instacart

Instacart, the leading grocery technology company in North America, works with grocers and retailers to transform how people shop. The company partners with more than 1,800 national, regional, and local retail banners to facilitate online shopping, delivery and pickup services from nearly 100,000 stores across North America on the Instacart Marketplace. Instacart makes it possible for millions of people to get the groceries they need from the retailers they love, and for approximately 600,000 Instacart shoppers to earn by picking, packing and delivering orders on their own flexible schedule. The Instacart Platform offers retailers a suite of enterprise-grade technology products and services to power their e-commerce experiences, fulfill orders, digitize brick-and-mortar stores, provide advertising services, and glean insights. With Instacart Ads, thousands of CPG brands – from category leaders to emerging brands – partner with the company to connect directly with consumers online, right at the point of purchase. With Instacart Health, the company is providing tools to increase nutrition security, make healthy choices easier for consumers, and expand the role that food can play in improving health outcomes. For more information, visit www.instacart.com/company, and to start shopping, visit www.instacart.com. Maplebear Inc. is the registered corporate name of Instacart.

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SOURCE Maplebear Inc. dba Instacart

FAQ

When will Instacart (CART) host its Q4 2024 earnings call?

Instacart will host its Q4 2024 earnings call on February 25, 2025, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).

Where can investors access Instacart's (CART) Q4 2024 financial results?

Investors can access Instacart's Q4 2024 financial results in the Shareholder Letter on their Investor Relations website at investors.instacart.com.

What period does Instacart's (CART) latest earnings report cover?

The earnings report covers Q4 and full year 2024, ending December 31, 2024.

How can investors listen to Instacart's (CART) Q4 2024 earnings call?

Investors can listen to the audio webcast of the earnings call through Instacart's Investor Relations website.