From Financial Modeling Prep: 2025-05-02 05:25:00

Instacart (NASDAQ:CART) exceeded expectations in Q1 with adjusted earnings of $0.37 per share, beating the $0.14 estimate. Revenue hit $897 million, up 9% YoY. Order volume grew 14% to 83.2 million, with a 10% increase in gross transaction value to $9.12 billion. Advertising revenue rose 14% to $247 million.

The strong performance was driven by robust order growth and rising advertising revenue. Instacart’s Q1 earnings of $0.37 per share surpassed the $0.14 consensus estimate. Revenue climbed 9% YoY to $897 million, with order volume reaching 83.2 million, up 14% from the previous year.

Advertising and other revenue grew 14% YoY to $247 million, outpacing total transaction growth. Adjusted EBITDA increased by 23% to $244 million, showing improved operating leverage. For Q2, Instacart expects gross transaction value between $8.85 billion and $9.0 billion, with adjusted EBITDA projected to be $240 million to $250 million.



Read more at Financial Modeling Prep:: Instacart Posts Q1 Earnings Beat on Soaring Orders…