New data from DoorDash shows a stark decline in delivery orders placed in Seattle after the city council's minimum payment law for app-based workers took effect last month. The Seattle City Council's ordinance requires that app companies that employ "gig workers" as independent contractors must pay the greater of a minimum per-minute amount of $0.44 and a minimum per-mile amount of $0.74, or a minimum per-offer amount of $5. In response to the law, DoorDash attached a flat service fee of $5 per order to bri ...

Bloomberg/Bloomberg via Getty ImagesEven though the stock market remains quite expensive with an S&P 500 that keeps hovering around 5,000, I'm still on the lookout for high-quality growth business - especially when they stumble during earnings season. DoorDash (NASDAQ:DASH), the food delivery service that rivals Uber Eats (UBER), recently fell 8% after delivering solid Q4 results and offering up a robust guidance outlook for 2024. Granted, the stock is reeling after a dizzying rally this year, and it's ...

New Data and Key Takeaways Show Dashers Prize Flexibility of Work, Merchants Value Partnerships, and Customers Save Millions of Hours when DoorDash is in their Communities. (Graphic: Business Wire)New Data and Key Takeaways Show Dashers Prize Flexibility of Work, Merchants Value Partnerships, and Customers Save Millions of Hours when DoorDash is in their Communities. (Graphic: Business Wire)SAN FRANCISCO--(BUSINESS WIRE)--DoorDash (NASDAQ: DASH) today released its 2023 Community Impact Report, which demonst ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________ FORM 10-K _____________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39759 ________________________________ ...

DoorDash (DASH) reported a GAAP loss of 39 cents per share in fourth-quarter 2023, narrower than the year-ago quarter’s loss of $1.65 per share.However, the figure missed the Zacks Consensus Estimate by 160%.Revenues increased 27% year over year to $2.303 billion and surpassed the consensus mark by 2.62%. The upside was driven by strong performance in total orders and Marketplace GOV, alongside enhanced logistics efficiency and an increasing contribution from advertising.The company’s shares have increased ...

DoorDash (DASH -9.10%) shares tumbled 10.5% through 11 a.m. ET on Friday morning after reporting a huge earnings miss last night.The food delivery company was supposed to lose only $0.16 per share in Q4 on sales of $2.24 billion, according to a consensus of analysts who follow the stock. DoorDash managed to report better-than-expected sales of $2.3 billion. However, the company's quarterly loss was more than twice as big as expected -- $0.39 per share.DoorDash earnings reportDigging into the numbers, it see ...

DoorDash Inc (NYSE:DASH) fell 8% in pre-market trading after it warned 2024 earnings could be impacted by weaker consumer spending. The delivery company said it expected gross order values (GOV), a key metric in the industry, to reach between US$74 billion and US$78 billion, a healthy jump from the near US$66 billion in 2023. However, DoorDash warned investors “that consumer spending in any of our geographies could deteriorate relative to our outlook, which could drive results below our expectations.” Under ...

As DoorDash looks to grow from a restaurant delivery platform to something more like a super app, the aggregator is expanding its retail offerings by orders of magnitude each year.On a call with analyst Thursday (Feb. 15) discussing the San Francisco-based delivery company’s fourth quarter and full-year 2023 financial results, CEO Tony Xu spoke to the rapid pace of the aggregator’s growth in the category.“When you look at selection, that’s something that we’re working towards,” Xu said. “I mean, it’s happen ...

Our next question comes from the line of Brad Erickson with RBC Capital Markets. Please go ahead. Brad Erickson Yeah, thanks. I guess first for Tony, when you think about adding that value to DashPass that you kind of just talked about a minute ago. Do you ever think about maybe partnering with anyone in kind of like an adjacent or even, say, different end market, for example? Or would that added value kind of be more likely homegrown, would you say? And then second, just for Ravi. I guess, a few quarters a ...

DoorDash, Inc. (DASH) came out with a quarterly loss of $0.39 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -160%. A quarter ago, it was expected that this company would post a loss of $0.45 per share when it actually produced a loss of $0.19, delivering a surprise of 57.78%.Over the last four quarters, the company has surpassed ...