$DASH (+1.33%) | DoorDash Q3'24 Earnings Highlights:

🔹 EPS: $0.38 (Est. $0.20) 🟢

🔹 Revenue: $2.71B (Est. $2.66B) 🟢; UP +25% YoY

🔹 Total Orders: 643M; UP +18% YoY

🔹 Net Income: $162M (First profitable quarter since going public)

Q4'24 Outlook:

🔹 Marketplace GOV: $20.6B - $21.0B

🔹 Adjusted EBITDA: $525M - $575M

FY'24 Guidance:

🔹 Stock-Based Compensation Expense: ~$1.13B

🔹 RSU Issuances: ~6.0M shares (net of expected forfeitures)

🔹 Depreciation & Amortization: ~$562M

Key Financial Metrics:

🔹 Marketplace GOV: $20.0B; UP +19% YoY

🔹 Net Revenue Margin: 13.5% (vs. 12.9% in Q3 2023)

🔹 Adjusted EBITDA: $533M; UP +55% YoY

🔹 Contribution Profit: $930M; UP +45% YoY

🔹 Free Cash Flow: $444M (vs. $324M in Q3 2023)

Business Highlights:

🔸 Consumer Engagement: Growth across all mature consumer cohorts

🔸 Same-Store Sales: Strong YoY growth for merchants

🔸 Market Share: Increased share among new restaurant delivery consumers

🔸 Delivery Quality: Improved delivery times and reduced delays

🔸 Expansion: Continued development of the DoorDash Commerce Platform

CEO Tony Xu's Commentary:

🔸 "We are proud of the work our team has done and the progress these financial results represent. Our focus is on meeting consumers' expectations and building services that delight them, so they continue to choose our Marketplaces and order more with us over time."