DoorDash reported mixed financial results for the first quarter of 2024, with a revenue increase to $2.513 billion, up 23% year-over-year, surpassing expectations of $2.453 billion. However, the company's earnings per share (EPS) fell short, recording a loss of $0.06 per share against an estimated loss of $0.04. Despite achieving record numbers in total orders, up 21% year-over-year, and marketplace gross order value (GOV), DoorDash projected its second-quarter core profit to be below expectations, citing higher costs, with an adjusted EBITDA forecast between $325 million to $425 million and marketplace GOV ranging from $19 billion to $19.4 billion. The company's stock price fell by over 10% following the announcement.
Doordash CEO: "In Q1 2024, we set new quarterly records for Total Orders, Marketplace GOV, and revenue, while improving our net loss compared to a year ago." $DASH: -13% AH https://t.co/O0MZytw7d0
DoorDash projects quarterly core profit below estimates on higher costs https://t.co/hYLvbWLKlH https://t.co/X3DlzAoejR
$DASH | DoorDash Reports Mixed Q1 Results: EPS Miss, Sales Beat DoorDash reports quarterly losses of 6 cents per share which missed the analyst consensus estimate of losses of 4 cents by 50%. Quarterly sales come in at $2.513 billion which beat the analyst consensus estimate of… https://t.co/SVJztJNHKL
DoorDash, the largest food delivery service in the US, offered a disappointing profit forecast, even as it beat analysts’ estimates for orders in the first quarter https://t.co/Cs26RAqF98
Profitability miss from $DASH DoorDash in outlook, revenue beats modestly - DOORDASH SEES 2Q ADJ. EBITDA $325M TO $425M, EST. $394.4M - DOORDASH SEES 2Q MARKETPLACE GOV $19B TO $19.4B, EST. $19.1B https://t.co/GPyBEXrIfV
DoorDash reports Q1 revenue up 23% YoY to $2.51B, vs. $2.45B est., total orders up 21% YoY, and forecasts Q2 core profit below est.; DASH drops 9%+ after hours (Reuters) https://t.co/5yT2nSp2sU 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/ayPLAKq1vr
I speak with @DoorDash CFO Ravi Inukonda about $DASH's latest financial results. https://t.co/YlefcUVz2s
DoorDash loses more than expected, but sales top expectations https://t.co/ff0Dporxd7
DoorDash $DASH stock tumbles 10% after mixed Q1 print https://t.co/C4Fbavb48H https://t.co/jYrNgD9H2N
$DASH | DoorDash Q1 Earnings: - EPS/Loss $0.06 (Est/Loss $0.04) 🔴 - Sales $2.513B (Est. $2.453B) 🟢
⚠️ DOORDASH PROJECTS QUARTERLY CORE PROFIT BELOW ESTIMATES ON HIGHER COSTS Full Story → https://t.co/EWjOzWgfab DoorDash projected second-quarter core profit below expectations on Wednesday despite beating first-quarter revenue estimates, indicating that higher costs were…
DoorDash Is Gaining Customers. Profit Is Still Elusive. https://t.co/smROIgcODd