Strong Q3 Performance
Instacart delivered a strong Q3 with orders reaching 83.4 million, up 14% year-over-year, and GTV of $9.17 billion, up 10% year-over-year.
Positive Unit Economics
Instacart's unit economics are positive and continue to strengthen across all basket sizes, driven by improvements in technology and efficiency.
Enterprise Platform Growth
Instacart's enterprise platform powers over 350 e-commerce storefronts and is a key growth driver, with opportunities for international expansion.
Advertising Revenue Growth
Advertising and other revenue grew 10% year-over-year, contributing over $1 billion of ads and other revenue over the past 12 months.
Expansion of AI Solutions
Instacart launched a suite of AI products to help retailers use generative AI, with positive initial interest from retail partners.
Share Repurchase Program
Instacart increased its share repurchase program by $1.5 billion, showing confidence in the company's future growth.