Maplebear Inc

Maplebear delivered a tale of two metrics in Q4 2025, posting revenue that edged past expectations while earnings fell well short of what Wall Street had penciled in. The grocery technology platform reported quarterly revenue of $992.00 million, up 12.3% year-over-year and a 2.23% beat against the $970.35 million consensus, yet GAAP earnings per share of $0.30 missed the $0.52 estimate by 42.31%, largely because a $60.00 million FTC settlement ballooned general and administrative expenses and dragged GAAP net income down 46% to $81.00 million. Beneath that noise, the underlying business showed real momentum, with gross transaction value climbing 14% to $9.85 billion on 89.5 million orders and adjusted EBITDA expanding to $303.00 million at a 31% margin. The advertising unit crossed $1.00 billion in annual revenue for the first time, underscoring the platform's broadening commercial model. Looking ahead, management guided Q1 2026 GTV of $10.13 to $10.28 billion, representing what the company called its strongest year-over-year growth guidance since going public, even as some investors weigh whether recent share price weakness creates an entry point at current valuations.