Every material Form 8-K Maplebear filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Maplebear Inc. (Instacart) reported third-quarter 2024 results on November 12, 2024, with GTV of $8,303 million, up 11% year-over-year, and total revenue of $852 million, up 12%. GAAP net income was $118 million and adjusted EBITDA was $227 million, up 39%, and the company gave a fourth-quarter GTV outlook of $8,500 million to $8,650 million. On November 5, 2024, the Board raised the share repurchase authorization to $750 million from $500 million, which matters to shareholders because it adds capacity to buy back stock.
Total revenue was $852 million, up 12% year-over-year; GAAP net income was $118 million, the fourth straight quarter of positive GAAP net income.
Adjusted EBITDA was $227 million, up 39%; operating cash flow was $185 million, up 67%.
Q4 2024 outlook: GTV of $8,500 million to $8,650 million and adjusted EBITDA of $230 million to $240 million.
Board approved a buyback of up to $750 million on November 5, 2024, up from $500 million authorized in June 2024; about $68 million remained under the previous program as of September 30, 2024.
Maplebear Inc. expanded its board from eight to nine directors and appointed Mary Beth Laughton as a Class I director, effective immediately. Her term runs to the 2027 Annual Meeting of Stockholders, and she will receive standard non-employee director compensation.
Board appointment made August 16, 2024, effective immediately, with board size increased from eight to nine
Laughton was Head of Nike Global Direct to Consumer since August 2023 and previously led Athleta as CEO from October 2019 to March 2023
Her term expires at the 2027 Annual Meeting of Stockholders
Filing states no related-party transactions requiring disclosure and she will join the company's standard indemnification agreement
Instacart (Maplebear Inc.) reported second-quarter 2024 results on August 6, 2024, with total revenue of $823 million, up 15% year-over-year, and adjusted EBITDA of $208 million, up 89%. GAAP net income fell $53 million to $61 million, which the company attributes mainly to higher stock-based compensation after its September 2023 IPO. The company also gave third-quarter adjusted EBITDA guidance of $205 million to $215 million and authorized a new $500 million buyback.
Total revenue of $823 million, up 15% year-over-year; GTV of $8,194 million, up 10%
GAAP net income of $61 million, down $53 million year-over-year, mainly due to higher stock-based compensation
Adjusted EBITDA of $208 million, above the $180 million to $190 million guidance range
Q3 2024 outlook: GTV of $8,100 million to $8,250 million and adjusted EBITDA of $205 million to $215 million; new $500 million buyback program
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Maplebear filing is on SEC EDGAR ↗. 8-K briefs of other companies →