Maplebear (Instacart) Expects Q1 GTV Growth Of 7%-10%, Adj. EBITDA Of $150M-$160M
Portfolio Pulse from Benzinga Newsdesk
Maplebear, known as Instacart, forecasts a Q1 Gross Transaction Value (GTV) growth of 7%-10% and an adjusted EBITDA of $150M-$160M.
February 13, 2024 | 10:10 pm
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Instacart (Maplebear) expects a Q1 GTV growth of 7%-10% and an adjusted EBITDA of $150M-$160M.
The positive forecast for GTV growth and adjusted EBITDA indicates a strong financial performance for Instacart in Q1. This is likely to be viewed positively by investors, potentially leading to an increase in the stock price of $CART in the short term.
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