NASDAQ$CART
Instacart · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Instacart achieved revenue growth and profitability improvements.
Instacart reported revenue growth of 10% year-over-year in Q4 2024, driven by Gross Transaction Value (GTV) increases and higher order volume. The company achieved GAAP net income of $148 million and strong operating income, supported by advertising growth and operational efficiencies.
- Revenue increased by 10% year-over-year to $883 million.
- GAAP net income rose to $148 million, representing 17% of total revenue.
- Adjusted EBITDA increased by 27% year-over-year to $252 million.
- Orders grew by 11% year-over-year, reaching 77.5 million.
Headline financials
Revenue & EPS history
Instacart · Revenue · Quarterly
$883M
Revenue by segment
Instacart · $764M total across 2 segments · Q3 2023
- Transaction Revenue$542M+11.8%70.9%
- Advertising & Other$222M+18.7%29.1%
Forward guidance
Instacart anticipates growth in GTV and order volume in Q1 2025, with continued investment in operational efficiencies and technology advancements.
Tailwinds
- Expected GTV growth of 8% to 10% year-over-year.
- Increased orders expected to drive revenue growth.
- Continued investment in advertising platforms.
- Improved customer experience and operational efficiencies.
- Expansion of in-store and omnichannel capabilities.
Headwinds
- Average Order Value expected to decline.
- Higher stock-based compensation expenses projected.
- Increased marketing investments impacting short-term margins.
- Seasonal fluctuations in advertising revenue.
- Potential regulatory risks related to labor classification.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 14 quarterly earnings reports · overlaid with Q4 2024
-0.5%
Avg return
Earnings day
-1.1%
Avg return
5 days after
+3.7%
Avg return
30 days after
50%
7 / 14 earnings
Positive
+13.5%
Q1 2025
Best reaction
-14.0%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.4% | -2.8% | +2.6% | |
| Q4 2025 | +9.2% | +9.2% | +15.0% | |
| Q3 2025 | +1.6% | +11.7% | +18.3% | |
| Q1 2025 | +13.5% | +14.9% | +14.7% | |
| Q4 2024 | -12.3% | -20.3% | -18.6% | |
| Q3 2024 | -9.9% | -12.0% | -12.3% | |
| Q2 2023 | +0.7% | -0.9% | +5.9% | |
| Q2 2024 | +3.9% | +2.5% | +11.3% | |
| Q1 2024 | -3.8% | -7.4% | -12.1% | |
| Q4 2021 | -0.2% | +2.0% | +12.5% | |
| Q4 2023 | -0.2% | -2.2% | +30.5% | |
| Q4 2022 | +2.7% | +0.2% | -1.3% | |
| Q3 2022 | +2.7% | +0.2% | -1.3% | |
| Q3 2023 | -14.0% | -10.2% | -14.2% | |
| Q1 2023 | — | — | — | |
| Q2 2022 | — | — | — | |
| Q1 2022 | — | — | — | |
| Q3 2021 | — | — | — | |
| Q2 2021 | — | — | — | |
| Q1 2021 | — | — | — |
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