Instacart has acquired Wynshop, an e-commerce platform for grocery stores, to expand its software offerings for retailers. This acquisition supports Instacart's strategy to grow beyond its core gig delivery business, which still accounts for 70% of its revenue. The company’s white-label tools are currently used by over 600 retailers, including major chains like Costco and Publix. In its recent earnings report, Instacart reported 83.2 million orders, a 14% increase year-over-year, and a gross transaction value (GTV) of $9.122 billion, up 10% year-over-year. Total revenue rose 9% to $897 million, with transaction revenue at $650 million, up 8%. The company posted Q1 earnings per share of $0.37, slightly below the FactSet estimate of $0.38, while revenue met analyst expectations. Despite the earnings miss, Barclays reiterated an overweight rating on Instacart shares, citing low tariff risk and potential for the stock to outperform its sector in 2025.