Instacart reported fourth-quarter revenue of $883 million, a 10% year-over-year increase but below the $890.99 million estimate. Earnings per share (EPS) reached $0.53, surpassing the $0.39 estimate and reflecting a 20.5% year-over-year growth. The company's adjusted EBITDA for the quarter was $252 million, exceeding the $239.6 million estimate and marking a 27% year-over-year increase. Gross transaction value (GTV) grew by 10% to $8.65 billion, driven by holiday season orders and increased advertising revenue. Net income for the quarter was $148 million. However, Instacart issued a lackluster first-quarter 2025 guidance, projecting adjusted EBITDA between $220 million and $230 million, below the $237.1 million consensus estimate. GTV is expected to range between $9 billion and $9.15 billion, slightly above the $8.97 billion estimate. Following the earnings report, Instacart's stock dropped 12%, marking its steepest decline on record. The company, which debuted on Nasdaq in September 2023, has faced challenges in meeting market expectations despite its growth in revenue and profitability.