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913 Instacart shares surge on higher revenue despite profit drop

The Information
Anita Ramaswamy @ The Information · 08/06/2024 16:51 EDT

Instacart reported 15% year-over-year growth in second quarter revenue, although its operating income fell by about half on sharply higher expenses, particularly in research & development and sales & marketing. Instacart’s transaction revenue rose 17%, a much stronger rate of growth than ...

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