Technology

Memo and sources: Instacart told employees that its Q4 revenue increased 50%+ YoY, Q4 gross profit rose 80%+ YoY, and 2022 revenue grew 39% YoY to ~$2.5B (Wall Street Journal)

Photo of Grace Will Grace Will March 1, 2023
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Memo and sources: Instacart told employees that its Q4 revenue increased 50%+ YoY, Q4 gross profit rose 80%+ YoY, and 2022 revenue grew 39% YoY to ~$2.5B (Wall Street Journal)
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Wall Street Journal:

Memo and sources: Instacart told employees that its Q4 revenue increased 50%+ YoY, Q4 gross profit rose 80%+ YoY, and 2022 revenue grew 39% YoY to ~$2.5B  —  The company increased revenue 39% in 2022 despite slowing sales on its grocery delivery app  —  Instacart Inc. generated sharply higher sales …



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