Instacart reports Q2 revenue up 14% YoY to $1.04B, GTV up 14% to $10.35B, above est., forecasts Q3 GTV and core profit above est.; CART jumps 8%+ after hours
THE SO WHAT
Instacart’s 14% GTV and revenue growth with an upbeat Q3 guide says consumer delivery isn’t stalling out — it’s normalizing into a durable, lower-growth utility. If you’re building in local commerce, assume the platform rails are stable and focus on higher-margin layers like AI-driven merchandising, substitutions, and basket expansion instead of trying to out-logistics Instacart.
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