[BUSINESS]■ STORY TIMELINE

INSTACART Q1 REVENUE HITS $1.02B, BUT GROWTH SLOWS

Instacart reported Q1 revenue of $1.02 billion, up 14% year-over-year, with gross transaction value reaching $10.29 billion. Growth slowed compared to the prior year's 16% rate, and shares dropped 11% on the earnings.

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Instacart reports Q1 revenue up 14% YoY to $1.02B, GTV up 13% to $10.29B, and orders up 10%, compared with a 16% growth a year earlier; CART drops 11%+ (Neil J Kanatt/Reuters)

Neil J Kanatt / Reuters: Instacart reports Q1 revenue up 14% YoY to $1.02B, GTV up 13% to $10.29B, and orders up 10%, co…

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