Instacart (CART) Q3 GTV $8.3B (+11% YoY), GAAP net income $118M, boosts buyback to $750M

Maplebear Inc.

2024-Q3 EPS reported $1.06 revenue$2,495,000,000

GTV $8,303M (+11% YoY), orders 72.9M (+10%), revenue $852M (+12%).
GAAP net income $118M (fourth consecutive positive quarter), vs -$1,999M in Q3'23; adjusted EBITDA $227M (+39%).
Share repurchase program increased to $750M from $500M; cumulative repurchases $1,432M at avg $30.27.
Advertising & other revenue $246M (+11%), transaction revenue $606M (+12%), gross profit margin 75%.
AOV $114 (+1%); customer savings $1.1B YTD; EBT SNAP, loyalty integrations expanding.

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