Instacart to be acquired by DoorDash for ~$17B; Q3 revenue $1.1B, GTV up 15%

Maplebear Inc.

DoorDash (NASDAQ: DASH) agreed to acquire Instacart (NASDAQ: CART) in a cash-and-stock transaction with an equity value of approximately $17 billion.
Q3 2026 GTV was $10,528 million, up 15% YoY; orders rose 10% to 91.4 million; total revenue was $1,095 million, up 17% YoY.
GAAP net income was $147 million; Adjusted EBITDA was $342 million, up 23% YoY; advertising and other revenue was $331 million, up 23%.
Operating cash flow was $324 million and free cash flow was $307 million, both up 13%; Instacart repurchased $230 million in shares and ended the quarter with $1 billion in cash.
CEO Chris Rogers called Q3 'our best quarter as a public company,' citing grocery platform expansion across ecommerce, fulfillment, retail media, and AI Solutions.

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