Enterprise Solutions

Instacart (CART) reported strong Q3 results, exceeding expectations with adjusted EPS of 51 cents and revenue of $939 million, a 10% year-over-year increase. Gross Transaction Value (GTV) also rose by 10%. CEO Chris Rogers highlighted affordability and enterprise solutions as key strategies. Instacart projects continued growth in the current quarter with GTV between $9.45B-$9.6B and EBITDA of $285M-$295M. While facing competition from Amazon and DoorDash, Instacart is investing in AI and has authorized a $1.5 billion share buyback program.

JD.com’s food delivery service, JD Delivery, has significantly expanded its reach, serving over 15,000 corporate clients with a daily order volume exceeding 25 million. Holding a 31% market share, and 45% in the premium segment, the service operates in 350 cities, offering 1.5 million restaurant options. Partnerships with major firms provide corporate meal solutions. Nearly 70% of businesses become formal partners within a month, with weekly enterprise meal solution partnerships increasing tenfold in June. User subsidies further enhance the offering.