Instacart reports third-quarter results
CART•Instacart reported third-quarter revenue of $1.095 billion, above the $1.071 billion estimate, and net income of $147 million. It suspended financial guidance and withdrew previously issued long-term guidance.
1. Quarterly results
Instacart reported third-quarter revenue of $1.095 billion, compared with an estimate of $1.071 billion, and net income of $147 million. Earnings per share were $0.60, below the $0.63 estimate. Gross transaction volume was $10.528 billion, with 91.4 million orders. Maplebear said it was suspending financial guidance and had withdrawn previously issued long-term guidance.
