secwatch.observer — SEC 8-K summary
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Issuer:     Maplebear Inc. (CART)
CIK:        0001579091
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001579091-24-000099
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579091/000157909124000099/0001579091-24-000099-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579091/000157909124000099/cart-20241105.htm
  HTML page:      https://secwatch.observer/filing/0001579091-24-000099

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer