AcquisitionsOct 29, 2026, 07:41 AM
Instacart to be Acquired by DoorDash for $17 Billion; Q3 Revenue Up 17%
AI Summary
Maplebear Inc. (Instacart) announced its third quarter 2026 financial results, reporting a 15% year-over-year increase in GTV to $10,528 million and a 17% increase in total revenue to $1,095 million. However, the most significant news is the definitive agreement for Instacart to be acquired by DoorDash for approximately $17 billion in a cash-and-stock transaction. In light of this acquisition, Instacart has cancelled its earnings conference call and suspended financial guidance.
Key Highlights
- Instacart announces definitive agreement to be acquired by DoorDash for approximately $17 billion in a cash-and-stock transaction.
- Instacart reports Q3 2026 GTV of $10,528 million, up 15% year-over-year.
- Total revenue for Q3 2026 reached $1,095 million, a 17% increase year-over-year.
- GAAP net income for Q3 2026 was $147 million, up 2% year-over-year.
- Adjusted EBITDA for Q3 2026 was $342 million, up 23% year-over-year.
- Instacart cancelled its Q3 earnings conference call and suspended financial guidance due to the acquisition agreement.
- The company repurchased $230 million in shares during the quarter.
Price Impact
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