Instacart (CART) Q1: GTV $8.32B, Adj EBITDA $198M; CFO transition

Maplebear Inc.

2024-Q1 EPS reported $0.43 revenue$820,000,000

Q1 GTV $8,319M (+11% YoY), revenue $820M (+8% YoY), GAAP net income $130M.
Adjusted EBITDA $198M (+17% YoY) above guidance; Q2 outlook: GTV $8.0-8.15B, Adj EBITDA $180M.
Orders 72.8M (+9% YoY); advertising revenue $217M (+9% YoY).
CFO Nick Giovanni resigns; Emily Reuter appointed, $500k salary and 123,153 RSU award.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Emily Reuter

Chief Financial Officer

CART · Maplebear Inc.

Effective: 2024-05-08
Filed: May 8, 2024, 7:59 PM ET

On May 7, 2024, the Company appointed Emily Reuter to serve as the Company’s Chief Financial Officer, effective as of the Effective Date.

Departed

Nick Giovanni

Chief Financial Officer

CART · Maplebear Inc.

Effective: 2024-05-08
Successor: Emily Reuter
Filed: May 8, 2024, 7:59 PM ET

On May 7, 2024, Nick Giovanni informed the Company of his decision to resign from his position as the Company’s Chief Financial Officer, effective immediately following the filing of the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2024

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Maplebear Inc. reported financial results for first quarter ended March 31, 2024.

Period: first quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On May 8, 2024, Maplebear Inc. (the “ Company ”) issued a Shareholder Letter (the “ Letter ”) announcing its financial results for the first quarter ended March 31, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Emily Reuter was appointed as Chief Financial Officer at Maplebear Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On May 7, 2024, the Company appointed Emily Reuter to serve as the Company’s Chief Financial Officer, effective as of the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Nick Giovanni resigned as Chief Financial Officer at Maplebear Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On May 7, 2024, Nick Giovanni informed the Company of his decision to resign from his position as the Company’s Chief Financial Officer, effective immediately following the filing of the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2024

View on SEC.gov

708 earnings releases filed in the last 30 days. Browse all earnings releases →

Maplebear Inc. filing history →

Source: SEC EDGAR

accession 0001579091-24-000056

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