Instacart Exceeds Forecasts with 14% Order Growth

Instacart reported robust first-quarter results, with orders rising 14% year-over-year to 83.2 million—the fastest growth since 2022—driven by increased demand for online grocery shopping and innovations like lower delivery minimums. The company’s revenue grew 9% to $897 million, surpassing analyst expectations, while advertising and other revenue also jumped 14%. Despite higher sales, net income declined to $104 million due to increased operating expenses. Instacart’s adjusted EBITDA rose 23% to $244 million, and it projects second-quarter core profits between $240 and $250 million, above analyst forecasts. The company’s technology investments and AI-driven advertising solutions have strengthened its market position, reflecting a broader shift in grocery retail toward digital engagement and operational efficiency. Instacart’s positive outlook underscores its resilience and strategic growth amid changing consumer habits and a dynamic economic environment.