earnings
confidence high
sentiment positive
materiality 0.85
Instacart Q2 GTV $8.19B (+10% YoY); adj. EBITDA $208M (+89%) beats guidance
Maplebear Inc.
2024-Q2 EPS reported
$0.64
revenue$1,643,000,000
- Revenue $823M (+15% YoY); transaction revenue $595M (+17%); advertising & other $228M (+11%).
- GAAP net income $61M (down $53M YoY due to $132M higher stock-based compensation post-IPO).
- Adjusted EBITDA $208M (above $180-190M guidance); margin 2.5% of GTV vs 1.5% YoY.
- Completed initial $1B buyback; authorized new $500M repurchase program.
- Q3 guidance: GTV $8.10-8.25B (8-10% YoY growth), adj. EBITDA $205-215M.