Instacart Crushes Q4 Estimates, Stock Rockets 14% After Hours
Grocery delivery giant beats revenue expectations with $992M in Q4 and delivers bullish Q1 guidance.
Instacart just dropped a Q4 earnings report that sent investors scrambling. The grocery delivery company pulled in $992 million in revenue — a 12% year-over-year jump that blew past Wall Street's $974 million estimate.
Gross transaction value hit $9.85 billion for the quarter, up 14% compared to the same period last year. That's a lot of groceries.
The real kicker? Instacart issued strong Q1 guidance that clearly excited the market. CART shares surged more than 14% in after-hours trading on Thursday.
The results signal that online grocery delivery continues to hold strong consumer demand well beyond pandemic-era peaks. Instacart has been steadily proving it can grow revenue while maintaining momentum in transaction volume — two metrics that matter most to investors watching the delivery space.