Maplebear Inc. (NASDAQ: CART), the parent company of Instacart, reported its first-quarter 2025 earnings on May 1, 2025. The company posted a net income of $106 million, translating to earnings per share (EPS) of $0.37, down from $0.43 in the same quarter last year. This result slightly missed analysts’ expectations, which had forecasted an EPS of $0.38. Revenue for the quarter reached $897 million, showing a year-over-year increase but falling slightly below the anticipated $896.86 million.
In terms of revenue segmentation, Maplebear’s income is primarily derived from delivery fees, service fees, and retailer partnerships. While specific figures for each segment in Q1 2025 were not disclosed, historically, delivery fees have accounted for approximately 45% of total revenue, service fees around 25%, and retailer partnerships about 30%.
Looking ahead, Maplebear has provided guidance for the next quarter, projecting gross transaction value (GTV) between $9 billion and $9.5 billion, representing an 8% to 10% growth year over year. The company also anticipates adjusted EBITDA in the range of $220 million to $230 million.
Regarding stock performance, Maplebear’s shares closed at $39.80 on May 1, 2025, experiencing a slight decline of 0.23% from the previous close. In after-hours trading, the stock saw an increase, reflecting investor reactions to the earnings report.
CEO Fidji Simo highlighted the company’s focus on affordability initiatives, noting that customers saved $1.2 billion in the past year through various programs. She emphasized the company’s efforts in expanding its user base and increasing order frequency, particularly among Instacart Plus members, who remain highly engaged.