Source: TradingView.com.Key TakeawaysShares in food delivery giant DoorDash moved sharply lower in premarket trading on Thursday after the company reported a wider-than-expected net loss.The company said gross order value growth in its U.S. restaurant segment decelerated slightly on a sequential basis.DoorDash shares may find a zone of support from prior price action and the 50% Fibonacci retracement level between $105 and $110.50. Food delivery giant DoorDash (DASH) posted a wider-than-expected loss for ...

DoorDash set new company records across several metrics in the first quarter as it continued to expand its services into new segments of the local retail economy.The on-demand delivery aggregator set new quarterly records for total orders, total dollar value of orders completed on its marketplaces, and revenue during the three-month period ended March 31, DoorDash said in a Wednesday (May 1) earnings release.“What is known is that the direction of travel is always in the direction of greater digital, greate ...

DoorDash, Inc. (NASDAQ:DASH) Q1 2024 Earnings Call Transcript May 1, 2024 5:00 PM ET Company Participants Andy Hargreaves - IR Tony Xu - Co-Founder, Chair and CEO Ravi Inukonda - CFO Conference Call Participants Nikhil Devnani - Bernstein Mark Mahaney - Evercore ISI Michael Morton - MoffettNathanson James Lee - Mizuho Brian Nowak - Morgan Stanley Eric Sheridan - Goldman Sachs Andrew Boone - JMP Securities Ron Josey - Citi Bernie McTernan - Needham & Company Lee Horowitz - Deutsche Bank Alec Brondolo - Wells ...

Photo by Marques Thomas on Unsplash.DoorDash dedicated two large paragraphs of its first quarter earnings report and several minutes on a call with analysts to voice opposition against controversial minimum wage laws for delivery drivers in Seattle and New York City. The company’s comments reflect an ongoing battle between tech giants and supporters of legislation aimed at boosting pay for drivers that are classified as independent contractors. In its earnings press release, DoorDash said the recently imple ...

DoorDash, Inc. (DASH) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this company would post a loss of $0.15 per share when it actually produced a loss of $0.39, delivering a surprise of -160%.Over the last four quarters, the company has surpassed ...

DoorDash stock tumbled late Wednesday after the food delivery company reported first-quarter results with a wider loss than analysts expected, despite better-than-expected sales.X DoorDash (DASH) said that it lost 6 cents per share on sales of $2.51 billion, up 23% year over year, for the March-ending quarter. On average, analysts projected the San Francisco-based company would post a loss of 3 cents per share on sales of $2.45 billion, according to FactSet.For the same period a year earlier, DoorDash lost ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________ FORM 10-Q _____________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 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 ___________________________ ...

Financial Performance - Total Orders increased 21% year-over-year (Y/Y) to 620 million, and Marketplace GOV increased 21% Y/Y to $19.2 billion[5] - Revenue increased 23% Y/Y to $2.5 billion, with Net Revenue Margin rising to 13.1% from 12.8% in Q1 2023[5] - GAAP net loss including redeemable non-controlling interests was $25 million, significantly improved from $162 million in Q1 2023[5] - Adjusted EBITDA reached an all-time high of $371 million, up from $204 million in Q1 2023[14] - Revenue for Q1 2024 was $2,513 million, an increase of 23.5% compared to $2,035 million in Q1 2023[36] - Net loss attributable to DoorDash, Inc. common stockholders for Q1 2024 was $23 million, significantly reduced from a loss of $161 million in Q1 2023[36] - Adjusted EBITDA for Q1 2024 improved to a loss of $61 million, compared to a loss of $171 million in Q1 2023[36] - For the three months ended March 31, 2024, the company reported a net loss of $25 million, a significant improvement from a net loss of $162 million in the same period of 2023[38] - The contribution margin improved to 29.9% in Q1 2024, up from 26.2% in Q1 2023, indicating enhanced operational efficiency[43] Cost and Expenses - GAAP cost of revenue was $1.3 billion, up 24% Y/Y, primarily due to increases in Total Orders and Marketplace GOV[8] - GAAP sales and marketing expense was $504 million, up 2% Y/Y, with a decrease in advertising expenses offsetting personnel-related costs[10] - GAAP research and development expense was $279 million, up 21% Y/Y, driven by personnel-related expenses[11] - Cost of revenue for Q1 2024 was $1,330 million, up from $1,069 million in Q1 2023, reflecting a 24.4% increase[36] - The cost of revenue, exclusive of depreciation and amortization, is expected to rise to $1,330 million in Q1 2024, compared to $1,069 million in Q1 2023, reflecting a 24.4% increase[41] - The company incurred $272 million in stock-based compensation expense in Q1 2024, slightly down from $280 million in Q3 2023[44] Cash Flow and Assets - The company generated net cash provided by operating activities of $553 million and Free Cash Flow of $487 million, both up from Q1 2023[15] - Net cash provided by operating activities increased to $553 million in Q1 2024, compared to $397 million in Q1 2023, reflecting a 39.2% increase[38] - Cash, cash equivalents, and restricted cash at the end of Q1 2024 totaled $3,247 million, a substantial increase from $2,186 million at the end of Q1 2023[38] - Net cash provided by operating activities for Q1 2024 was $1,829 million, compared to $1,673 million in Q4 2023, showing robust operational cash flow[48] - Free Cash Flow for Q1 2024 was $1,520 million, an increase from $1,349 million in Q4 2023, reflecting strong cash generation capabilities[48] Future Projections - For Q2 2024, the company expects Marketplace GOV between $19.0 billion and $19.4 billion, with Adjusted EBITDA projected between $325 million and $425 million[19] - Stock-based compensation for 2024 is projected to be in the range of $1.1 billion to $1.2 billion[24] - The company expects RSU issuances of 6.0 million to 7.0 million for 2024, net of expected forfeitures[24] Stock and Shareholder Returns - The company repurchased $392 million of common stock in Q1 2023, indicating a commitment to returning value to shareholders[38] - Total stock-based compensation for 2023 was $1,088 million, with projections for 2024 ranging between $1,100 million and $1,200 million[46] Legal and Regulatory - The company expects to incur $35 million in legal, tax, and regulatory settlements in Q1 2024, down from $50 million in Q4 2023[44]

The Zacks Internet - Services industry is expected to have significantly benefited from the ongoing digitization, which has been boosting the demand for Internet services across the world.Solid adoption of Software-as-a-Service or SaaS-based services, especially among small and medium-sized businesses, is likely to have benefited the performance of the industry players during the first quarter of 2024.Moreover, the explosion of generative AI, along with the growing proliferation of Machine Learning, blockch ...

Key PointsWith a 65% market share, DoorDash is the nation's largest food delivery service.DoorDash’s network includes over 550,000 partner restaurants and retailers, and over 32 million consumer customers.DoorDash charges restaurants a commission of up to 30% and also collects delivery and service fees from customers, with take rates exceeding 12%.5 stocks we like better than DoorDashThe pandemic made restaurant delivery services a regular fixture in the daily lives of busy consumers. The surge in business ...