yeah, order volume is flat but ad business is growing significantly, and it seems that their primary competitor (doordash) is growing at the expense of shipt and/or amazon, not instacart; and, a lot of the YoY flatness is explained away in the S-1 (up to you if you agree with their logic).
agreed that it seems unlikely they can grow their per order profit but you never know, I guess.
Comments
It doesn't look growing to me, order volume has been flat for the last 6 quarters. I'm not sure how much more they can grow per order profit.
yeah, order volume is flat but ad business is growing significantly, and it seems that their primary competitor (doordash) is growing at the expense of shipt and/or amazon, not instacart; and, a lot of the YoY flatness is explained away in the S-1 (up to you if you agree with their logic).
agreed that it seems unlikely they can grow their per order profit but you never know, I guess.