Instacart ad revenue up 18% at $871 million

Feb 14, 2024 | SEO News Feeds | 0 comments

Instacart Ad Revenue Up 18 At 871 Million.jpg



SEO Content Writing Service

Instacart’s ad revenue was up 18% in the final quarter of 2023 to $871 million.

The online grocery shopping app also reported modest growth in orders, which rose to 70.1 million – a year-on-year increase of 5%, as well as a 5% year-on-year growth in growth transaction value (GTV).

Driving success. Instacart attributed its ad revenue success to the popularity of its shoppable display and video ad formats, coupled with effective initiatives that highlight value to advertisers.

Why we care. The success of Instacart’s shoppable display and video ad formats suggests that advertisers are getting good results, so it may be worthwhile considering implementing these ad products into your campaign strategy. However, be aware that as Instacart gains more popularity, ad prices could increase.

Investment rate. The advertising and investment rate remained steady at 3.1% compared to the same period last year. However, it’s important to note that the rate increased by 47 basis points in the previous year due to the introduction of shoppable display and video.

Takeaways. Additional key findings from the report include:

  • GTV of $30,322 million, up 5% year-over-year.
  • Orders of 269.2 million, up 3% year-over-year.
  • Total revenue of $3,042 million, up 19% year-over-year, representing 10.0% of GTV.
  • Transaction revenue of $2,171 million, up 20% year-over-year, representing 7.2% of GTV.
  • Advertising & other revenue of $871 million, up 18% year-over-year, representing 2.9% of GTV.
  • GAAP gross profit of $2,278 million, up 24% year-over-year, representing 7.5% of GTV and 75% of total revenue.

What Instacart is saying. Fidji Simo, Chief Executive Officer, described Instacart as “the best advertising platform.” He said in a statement:

  • “Customers rely on us for recurring large basket orders delivered in minutes, and brands use Instacart to connect with those high-intent customers. As a result, we’re able to command upwards of $3 per order in on-platform advertising & other revenue and on average, we deliver more than 15% sales lift for brands, which allows us to keep costs low for customers and retailers.”
  • “Nearly half of our customers report having discovered a new brand on Instacart, and nearly 8 in 10 of them went on to purchase that brand. Now we’re using our data and insights to build a retail media network and expand that footprint to off-platform surfaces.”
  • “By partnering with Google, The Trade Desk, Roku and more, we’re helping brands create more performant and targeted campaigns across channels like search, social, programmatic, CTV, and linear TV.”

Get the daily newsletter search marketers rely on.

Deep dive. Read Instacart’s full Q4 2023 earnings report in full for more information.

Add Search Engine Land to your Google News feed.    Google News

New on Search Engine Land

Attorney Websites For Sale 4ebusiness Media Group

About the author

Nicola AgiusNicola Agius

Nicola Agius is Paid Media Editor of Search Engine Land after joining in 2023. She covers paid media, retail media and more. Prior to this, she was SEO Director at Jungle Creations (2020-2023), overseeing the company’s editorial strategy for multiple websites. She has over 15 years of experience in journalism and has previously worked at OK! Magazine (2010-2014), Mail Online (2014-2015), Mirror (2015-2017), Digital Spy (2017-2018) and The Sun (2018-2020). She also previously teamed up with SEO agency Blue Array to co-author Amazon bestselling book Mastering In-House SEO.

Source link


Anxiety Stress Management

Live a Life of Contentment eBook We all want to be satisfied, even though we know some people who will never be that way, and others who see satisfaction as a foreign emotion that they can’t hope to ever feel.

Newspaper Ads Canyon Crest CA

Click To See Full Page Ads

Click To See Half Page Ads

Click To See Quarter Page Ads

Click To See Business Card Size Ads

If you have questions before you order, give me a call @ 951-235-3518 or email @ canyoncrestnewspaper@gmail.com Like us on Facebook Here

You May Also Like

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Contact Us

Contact Us

Personal Injury Attorney

Websites For Sale Personal Injury Attorneys

Criminal Defense Attorneys

Websites For Sale Criminal Defense Attorney

Bankruptcy Attorneys

Websites For Sale Bankruptcy Attorneys

General Practice Attorneys

Websites For Sale General Practice Attorneys

Family Attorneys

Websites For Sale Family Attorneys

Corporate Attorneys

Websites For Sale Corporate Attorneys

Home Privacy Policy Terms Of Use Anti Spam Policy Contact Us Affiliate Disclosure Amazon Affiliate Disclaimer DMCA Earnings Disclaimer