Q4 revenue and Q1 profit guidance both fall below expectations, causing the stock price of Instacart's parent company Maplebear (CART.US) to plummet over 12%.

Due to poor performance in the fourth quarter and first quarter profit guidance falling below expectations, the parent company of Instacart, a US food and grocery delivery company, Maplebear (CART.US), fell by 12.26% on Wednesday, marking the largest single-day decline in the stock's history. According to the financial report, Instacart's revenue in Q4 increased by 10% year-on-year to $883 million, but was lower than the analysts' average expectation of $891 million. Under GAAP accounting standards, net profit was $148 million, an increase of $13 million from the same period last year; adjusted EBITDA was $252 million, a 27% increase year-on-year. Gross transaction value, which measures the value of products sold, was $8.645 billion, a 10% increase year-on-year. At the same time, the company expects that adjusted EBITDA for the first quarter of 2025 will be between $220 million and $230 million, with the midpoint forecast falling below the analysts' average expectation of $237.1 million; the total transaction value for the first quarter is expected to be between $9 billion and $9.15 billion, with the analysts' average expectation at $9 billion. Data shows that Maplebear's stock price rose by over 76% last year and reached a historic high of $53.15 per share on February 19th this year. However, since then, the stock price has fallen by over 19%.