Instacart
🇺🇸 NASDAQ:CART
•
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 Revenue
Instacart EPS
Instacart Revenue by Segment
Instacart Revenue by Geographic Location
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