10:27 AM EST, 11/10/2025 (MT Newswires) -- Maplebear ( CART ) , which does business as Instacart, reported third-quarter results above Wall Street's estimates, buoyed by double-digit gains in orders, which are expected to again outpace the online grocery delivery company's gross transaction value growth in the ongoing three-month period.

Net income came in at $0.51 a share for the quarter ended Sept. 30, up from $0.42 the year before, ahead of the FactSet-polled consensus of $0.50. Revenue climbed 10% to $939 million, surpassing the Street's view of $933.5 million.

Gross transaction value, which represents the value of the products sold through Instacart, climbed 10% to $9.17 billion as orders increased 14%. The Street was looking for GTV of $9.11 billion.

"Our unit economics are positive and continue to strengthen across all basket sizes," Chief Executive Chris Rogers said during an earnings call, according to a FactSet transcript.

GTV is expected to be in a range of $9.45 billion to $9.6 billion for the fourth quarter, reflecting annual growth of 9% to 11%. The Street is expecting $9.48 billion. Orders growth are pegged to outpace the expected rise in gross transaction value, the company said in a shareholder letter.

The guidance reflects Instacart's robust performance in October and continued momentum from enterprise partnerships. Advertising and other revenue are forecast to grow by 6% to 9% in the quarter, weighed down by "some large partners adjusting spend as they manage macro uncertainty and changing consumer trends," Chief Financial Officer Emily Reuter said on the call.

"While this creates near-term pressure, the fundamentals of our ad ecosystem remain stronger than ever," Reuter told analysts. "We are confident in returning advertising ad revenue to double-digit growth in 2026 and meaningfully growing this part of our business over time."

For the third quarter, advertising and other revenue rose by 10% to $269 million, while transaction revenue moved higher by the same percentage to $670 million.

Shares of the company, which went public in 2023, were up 1.1% in Monday trade. The stock has lost 10% so far this year.

Price: 37.47, Change: +0.72, Percent Change: +1.96