Maplebear Inc (Instacart): Expanding Advertising Business with Partnerships and In-store Tech!

Instacart reported solid financial and operational results, demonstrating continued growth in its grocery and nongrocery
segments. The company achieved a 10% year-over-year increase in Gross Transaction Volume (GTV), driven by an 11% increase in orders. However, a 1% decline in average order value, primarily due to the expansion into restaurant deliveries, tempered the overall GTV growth rate. Transaction revenue mirrored GTV growth at 10%, while advertising and other revenue followed the same trajectory. Profitability remained strong, with GAAP net income rising to $148 million and adjusted EBITDA expanding 27% year-over-year to $252 million. The company also repurchased $1.4 billion worth of shares in 2024, signaling confidence in its financial stability.