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OpenAI said Instacart's chief executive is joining the company to lead its applications business as the ChatGPT maker looks to scale its operations and drive growth.
Sam Altman, OpenAI's chief executive, said he hired Instacart's Fidji Simo to join in a new role as chief executive of applications.
Maplebear (CART) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Here is how Maplebear (CART) and Compagnie Financiere Richemont AG (CFRUY) have performed compared to their sector so far this year.
Instacart is reportedly rolling out an app targeting Generation Z consumers, centered around group orders of drinks and party snacks.
SAN FRANCISCO , May 5, 2025 /PRNewswire/ -- Instacart (NASDAQ: CART) today announced that Emily Reuter, CFO, will participate in a fireside chat at the J.P. Morgan Global Technology, Media and Communications Conference on Wednesday, May 14, 2025 at 11:20 a.m.
Maplebear Inc. (NASDAQ:CART ) Q1 2025 Earnings Call May 1, 2025 5:00 PM ET Company Participants Rebecca Yoshiyama - Investor Relations Fidji Simo - Chief Executive Officer Emily Reuter - Chief Financial Officer Conference Call Participants Colin Sebastian - Baird Nikhil Devnani - Bernstein Bernie McTernan - Needham & Company Deepak Mathivanan - Cantor Fitzgerald Mark Zgutowicz - Benchmark Andrew Boone - Citizens Eric Sheridan - Goldman Sachs Lee Horowitz - Deutsche Bank Jason Helfstein - Oppenheimer Shweta Khajuria - Wolfe Research Miles Jakubiak - KeyBanc Operator Good day and thank you for standing by. Welcome to Instacart's First Quarter 2025 Financial Results Conference Call.
The headline numbers for Maplebear (CART) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Maplebear (CART) came out with quarterly earnings of $0.37 per share, missing the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.43 per share a year ago.
The grocery-delivery company, formally known as Maplebear, saw profit slip in the first quarter as operating expenses increased. Shares rose in after-hours trading.