Earnings Summary: Instacart reports double-digit revenue growth for Q3 FY25

Grocery delivery platform Instacart (NASDAQ: CART) has reported strong order and revenue growth for the third quarter of fiscal 2025.

Total revenue climbed 10% year-over-year to $939 million in Q3, representing 10.2% of gross transaction valueTransaction revenue rose 10% to $670 million, representing 7.3% of gross transaction valueAdvertising & other revenue was $269 million, representing a10% increaseAt $9.17 billion, gross transaction value was up 10% year-over-year in the September quarterThe company reported total orders of 83.4 million for the third quarter, up 14% from last year Q3 net income was $144 million or $0.51 per share, vs. $118 million or $0.42 per share a year earlierThird-quarter gross profit came in at $692 million, up 8% from the comparable quarter of FY24Adjusted EBITDA moved up 22% from last year to $278 million during the three months