MAPLEBEAR INC (NASDAQ:CART) Q3 2025 Earnings: Profit Beat Fuels 7.5% Pre-Market Surge Despite Revenue Miss

MAPLEBEAR INC (NASDAQ:CART), the parent company of grocery delivery service Instacart, has released its financial results for the third quarter of 2025. The report presents a mixed picture, with the company surpassing earnings expectations but falling short on the top line, a dynamic that appears to be fueling a significant pre-market reaction.

Earnings and Revenue Performance

The core of any earnings report lies in the comparison between actual results and Wall Street's forecasts. For Q3 2025, Instacart delivered a clear beat on profitability, though its revenue generation did not meet analyst projections.

• Non-GAAP Earnings Per Share (EPS): Reported at $0.51, exceeding the analyst estimate of $0.5039.
• Total Revenue: Reported at $939 million, coming in below the consensus estimate of approximately $952.6 million.

The earnings beat suggests that the company is managing its costs and operations effectively to drive profitability. However, the revenue miss indicates that sales growth may be facing headwinds or was not as robust as the market had anticipated for the quarter.

Market Reaction

The immediate market response to this mixed earnings report has been decisively positive. At the time of writing, the stock is indicating a substantial pre-market gain of over 7.5%. This positive price action suggests that investors are currently placing a greater emphasis on the earnings beat and the company's profitability, choosing to reward that strength over the slight disappointment in revenue.

This pre-market surge stands in stark contrast to the stock's recent performance, which has seen downward pressure over the past several weeks.

• Last Week: -0.3%
• Last Two Weeks: -6.1%
• Last Month: -4.1%

The sharp upward move indicates a potential reversal of this recent negative sentiment, driven directly by the earnings release.

Looking Ahead

While the Q3 results are now historical, investor focus is already shifting to the future. Analyst estimates for the upcoming quarter and full year provide a benchmark against which the company's guidance, if any was provided in the shareholder letter, can be measured.

• Q4 2025 Revenue Estimate: $992.1 million
• Full-Year 2025 Revenue Estimate: $3.79 billion
• Full-Year 2025 EPS Estimate: $1.84

The shareholder letter, available on the company's investor relations website, would contain management's official outlook and commentary on the business trajectory. Investors typically compare these forward-looking statements from the company to the consensus analyst estimates to gauge whether management's expectations are more optimistic or cautious than the street's.

Summary of the Release

The primary announcement from MAPLEBEAR INC (NASDAQ:CART) was the publication of its Q3 2025 shareholder letter, which details the complete financial results for the period ending September 30, 2025. The key takeaways are the company's ability to deliver higher-than-expected earnings per share while generating slightly less revenue than forecasted. The subsequent pre-market rally reflects a market that is interpreting the profitability beat as the more critical metric from this report.

For a detailed breakdown of historical earnings, future estimates, and analyst revisions, you can review the data here: CART Earnings & Estimates.

Disclaimer: This article is for informational purposes only and does not constitute financial advice, a recommendation, or an offer or solicitation to buy or sell any securities. The performance data and estimates are based on publicly available information and are subject to change. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.