Maplebear (Instacart) Reports Q3 Revenue Beat Amid GAAP EPS Miss
Maplebear Inc. (Instacart) reported third-quarter financial results characterized by a revenue beat and strong top-line growth, though earnings fell slightly short of expectations. The company posted revenue of $1.1 billion, representing a 17.1% increase year-over-year and exceeding estimates by $30 million. Despite the revenue success, GAAP earnings per share (EPS) came in at $0.60, missing consensus estimates by $0.03. Key operational metrics showed steady momentum, with Gross Transaction Value (GTV) rising 15% to over $10.5 billion and total orders increasing by 10% year-over-year.
Tickers: $CART
Topics: earnings miss gross merchandise volume revenue beat transaction revenue