Instacart (CART) Q2 2024 Earnings Call Transcript - Nasdaq

Aug 7, 2024  · We posted strong Q2 results, including 10% year-over-year growth in GTV, our third consecutive quarter of positive GAAP net income, and impressive gains in adjusted EBITDA …


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Instacart (CART) Q2 2024 Earnings Call Transcript - Nasdaq

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Aug 7, 2024  · We posted strong Q2 results, including 10% year-over-year growth in GTV, our third consecutive quarter of positive GAAP net income, and impressive gains in adjusted EBITDA …

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Instacart Posts Strong Q2 Results, Highlights Year Over Year Growth ...

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8/9/2024. Instacart r eported what Chairman CEO Fidji Simo called “strong” Q2 2024 results, including including 10% year-over-year growth in GTV (gross transaction value), its third …

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Instacart (Maplebear Inc.) (NASDAQ:CART) Q2 2024 Earnings Call …

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We've posted strong Q2 results including 10% year-over-year growth in GTV, our third consecutive quarter of positive GAAP net income, and impressive gains in adjusted EBITDA …

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Instacart Posts Strong Q2 Results As It Zeroes In On Omnichannel

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Aug 7, 2024  · During Q2, Instacart saw its GTV increase 10% year over year to just over $8 billion, total revenue grow 15% to $823 million and transaction revenue spike 17% to $595 …

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Instacart Q2 2024 Earnings Highlights: Strong Growth And …

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Aug 7, 2024  · Instacart reported strong Q2 performance with 10% year-over-year GTV growth, marking its third consecutive quarter of positive GAAP net income. The company achieved …

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Instacart Shares Rally As Increased Demand For Delivery Drives Q2

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For Q3, Instacart expects GTV to be within a range of $8.1B to $8.25B, representing growth of 8% to 10%. This outlook assumes a modest growth contribution from restaurants and compares to ...

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Maplebear Q2 Earnings: Instacart Stock Pops As Revenue, Earnings …

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Gross transaction value was $8.19 billion in the quarter, up 10% year-over-year. “Our strong Q2 results demonstrate our consistent execution towards our vision of powering the future of …

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Instacart Posts Strong Results In First Earnings Report Since Public ...

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Nov 8, 2023  · In Q3, Instacart saw its number of orders grow 4% year-over-year to 66.2 million while its average order value increased 2% to $113. Instacart noted that average order value …

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Instacart's Forward Momentum In Q2 | Progressive Grocer

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Aug 9, 2024  · Instacart reported what Chairman CEO Fidji Simo called “strong” Q2 2024 results, including 10% year-over-year growth in GTV (gross transaction value), its third straight quarter …

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Instacart Reports Strong Q4, Highlights Investments In Customer ...

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Feb 14, 2024  · Dive Brief: Instacart posted solid results on Tuesday for its fourth quarter, which ended Dec. 31, 2023. During the quarter, the company brought in $803 million in total …

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Instacart: The Post-Earnings Dip Is A Great Time To Buy This ...

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Instacart's Q3 results exceeded expectations, with 11% y/y GTV growth and a 39% y/y surge in adjusted EBITDA, despite a post-earnings dip. The company's guidance for Q4 GTV growth is …

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Instacart (Maplebear Inc.) (NASDAQ:CART) Q3 2024 Earnings Call …

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This includes our fourth consecutive quarter of positive GAAP net income and adjusted EBITDA of $227 million, up 39% year-over-year, an operating cash flow of $185 million, up 67% year-over …

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New Study Shows Instacart Spurs Job Growth And Revenue …

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Sep 23, 2021  · Up to 15% cash back  · Instacart increased incremental grocery revenue in the U.S. by over $6.4 billion from Q1 2013 to Q2 2020. Over this same period, Instacart created …

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Lenovo Group Ltd (LNVGF) Q2 2025 Earnings Call Highlights: …

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10 hours ago  · Solutions and Services Group (SSG) Revenue Growth: 13% year-on-year increase to $2.2 billion. SSG Operating Margin: 20%. Deferred Revenue: Reached a historic high of …

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FAQs about Instacart (CART) Q2 2024 Earnings Call Transcript - Nasdaq Coupon?

Did Instacart's Q3 results exceed expectations?

Instacart's Q3 results exceeded expectations, with 11% y/y GTV growth and a 39% y/y surge in adjusted EBITDA, despite a post-earnings dip. The company's guidance for Q4 GTV growth is conservative; historical trends suggest Instacart will likely surpass these estimates. ...

How did Instacart perform in Q3?

For its third quarter, which ended Sept. 30, Instacart recorded $764 million in revenue, up 14% year-over-year, driven by its fulfillment efficiency efforts and strong advertising performance. Instacart saw gross transaction value increase 6% in Q3, to $7.5 billion, driven by growth in orders and average order value. ...

Does Instacart have a strong ad revenue in Q2?

Brand advertising continues to be a core driver for take rate and revenue expansion for Instacart, with ad revenue up 11% y/y and consistent with the pace of growth in Q2 - though we do note that the company highlighted some pullback in large CPG ad spending. Per CFO Emily Reuter's remarks on the Q3 earnings call: ...

What is Instacart's growth outlook for Q3?

For Q3, Instacart ( CART) expects GTV to be within a range of $8.1B to $8.25B, representing growth of 8% to 10%. This outlook assumes a modest growth contribution from restaurants and compares to estimates of $8.1B. ...

How did Instacart perform in the first quarter of 2022?

In the first quarter of 2022, Instacart experienced a 12 percent increase year-over-year in its Dallas sales, exceeding the company’s national growth rate of -4 percent. Instacart sales in the Philadelphia metro area grew 8 percent year-over-year, while sales in New York and Houston grew 6 percent and 5 percent, respectively. ...

What does Instacart expect from fourth-quarter earnings?

Instacart said it expects fourth-quarter adjusted earnings before interest, taxes, depreciation and amortization of $230 million to $240 million. Wall Street was looking for $244.4 million. ...

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