Maplebear Inc., operating as Instacart, reported its first-quarter earnings, showing a slight miss on both earnings per share (EPS) and revenue compared to analyst estimates. The company's EPS was $0.37, falling short of the $0.38 consensus estimate, while revenue reached $897 million, just below the $898.02 million expected. Revenue increased by 9% year-over-year. Despite the misses, Instacart highlighted significant growth in key metrics. The company experienced its strongest order growth since 2022, with orders increasing by 14% year-over-year to 83.2 million, marking the fastest growth in 10 quarters. Gross transaction value (GTV) also rose by 10% year-over-year to $9.12 billion, surpassing the $9.11 billion estimate. Transaction revenue was $650 million, up 8% year-over-year. Looking ahead, Instacart provided guidance for the second quarter, projecting adjusted EBITDA between $240 million and $250 million, and GTV between $8.85 billion and $9 billion, which is slightly below the consensus estimate of $8.94 billion. The company noted strong performance in its advertising sector and described the guidance as solid.