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Dec 31, 2024
Instacart Q4 2024 Earnings Report
Instacart achieved revenue growth and profitability improvements.
Key Takeaways
Instacart reported revenue growth of 10% year-over-year in Q4 2024, driven by Gross Transaction Value (GTV) increases and higher order volume. The company achieved GAAP net income of $148 million and strong operating income, supported by advertising growth and operational efficiencies.
Revenue increased by 10% year-over-year to $883 million.
GAAP net income rose to $148 million, representing 17% of total revenue.
Adjusted EBITDA increased by 27% year-over-year to $252 million.
Orders grew by 11% year-over-year, reaching 77.5 million.
Instacart
Instacart
Instacart Revenue by Segment
Revenue by Segment
Transaction Revenue
CapyFin.comAdvertising & Other Revenue
CapyFin.com Forward Guidance
Instacart anticipates growth in GTV and order volume in Q1 2025, with continued investment in operational efficiencies and technology advancements.
Positive Outlook
- Expected GTV growth of 8% to 10% year-over-year.
- Increased orders expected to drive revenue growth.
- Continued investment in advertising platforms.
- Improved customer experience and operational efficiencies.
- Expansion of in-store and omnichannel capabilities.
Challenges Ahead
- Average Order Value expected to decline.
- Higher stock-based compensation expenses projected.
- Increased marketing investments impacting short-term margins.
- Seasonal fluctuations in advertising revenue.
- Potential regulatory risks related to labor classification.
Revenue & Expenses
Visualization of income flow from segment revenue to net income