$DASH (+1,33ย %) | DoorDash Q3'24 Earnings Highlights:
๐น EPS: $0.38 (Est. $0.20) ๐ข
๐น Revenue: $2.71B (Est. $2.66B) ๐ข; UP +25% YoY
๐น Total Orders: 643M; UP +18% YoY
๐น Net Income: $162M (First profitable quarter since going public)
Q4'24 Outlook:
๐น Marketplace GOV: $20.6B - $21.0B
๐น Adjusted EBITDA: $525M - $575M
FY'24 Guidance:
๐น Stock-Based Compensation Expense: ~$1.13B
๐น RSU Issuances: ~6.0M shares (net of expected forfeitures)
๐น Depreciation & Amortization: ~$562M
Key Financial Metrics:
๐น Marketplace GOV: $20.0B; UP +19% YoY
๐น Net Revenue Margin: 13.5% (vs. 12.9% in Q3 2023)
๐น Adjusted EBITDA: $533M; UP +55% YoY
๐น Contribution Profit: $930M; UP +45% YoY
๐น Free Cash Flow: $444M (vs. $324M in Q3 2023)
Business Highlights:
๐ธ Consumer Engagement: Growth across all mature consumer cohorts
๐ธ Same-Store Sales: Strong YoY growth for merchants
๐ธ Market Share: Increased share among new restaurant delivery consumers
๐ธ Delivery Quality: Improved delivery times and reduced delays
๐ธ Expansion: Continued development of the DoorDash Commerce Platform
CEO Tony Xu's Commentary:
๐ธ "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."