Instacart: Announces Q2-2024 Shareholder Letter

San Francisco / CA. (cart) Instacart, the leading grocery technology company in North America, announced financial results for Q2-2024. CEO Fidji Simo: «Our strong Q2 results demonstrate our consistent execution towards our vision of powering the future of grocery through technology. As the leading online grocery marketplace, our scale and critical advantages continue to help us serve our customers, retailers, brands, and shoppers better. At the same time, we’re investing in an ambitious portfolio of longer-term bets that are starting to show promise and have the ability to unlock new growth opportunities.»

In Q2-2024, the Company achieved GTV of USD 8,194 million, a 10 percent increase year-over-year, alongside robust GAAP net income, adjusted Ebitda, and operating cash flow. Instacart is continuing to drive operating efficiencies, which gives the Company the ability to reinvest in initiatives to extend lead and accelerate online grocery adoption, while expanding profitability. Fidji Simo: «We’re excited to build on our momentum in Q3 and beyond.» For additional information please read the PDF file below (360 KB):