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Instacart stock pops 14% on revenue beat, rosy guidance
Instacart's revenue rose 12% year-over-year to $992 million, driven by technology momentum and adding 70 net new retailers, marking its strongest growth in three years.
- Instacart shares climbed 14% in extended trading after reporting strong fourth-quarter revenue and issuing guidance, with a first-quarter GTV forecast of $10.13 billion–$10.28 billion, ahead of StreetAccount's $9.97 billion estimate.
- GTV grew 14% to $9.85 billion, surpassing StreetAccount's estimate of $9.54 billion, marking its strongest quarter in three years.
- Instacart reported $81 million in net income and $303 million in adjusted EBITDA, topping estimates, while orders reached 89.5 million, exceeding StreetAccount's 87.8 million forecast.
- Management set adjusted EBITDA guidance of $280 million–$290 million, exceeding StreetAccount's $277 million estimate, and highlighted enterprise platform gains with 70 net new retailers last year.
- CEO Chris Rogers attributed momentum to the company's technology and customer focus, saying investments in infrastructure, international markets, and artificial intelligence contribute only a 'small' amount so far.
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Why Instacart Stock Jumped Today
Key PointsInstacart is becoming an indispensable technology partner to thousands of retailers.As more shoppers buy from Instacart's marketplace, marketers are shifting their ad spend to its network.10 stocks we like better than Instacart › Shares of Instacart (NASDAQ: CART) rallied on Friday after the food delivery platform issue an upbeat growth forecast. By the close of trading, Instacart's stock price was up more than 9%.Will AI create the wo…
·Alexandria, United States
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Instacart forecasts strong quarter driven by essentials demand, advertisement business
Instacart forecast current-quarter gross transaction value and core profit above expectations and beat fourth-quarter estimates on Thursday, helped by strong demand for essentials on its online delivery platform and rising advertising revenue.
·United Kingdom
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Total News Sources6
Leaning Left2Leaning Right0Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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