In general, the record-breaking levels in the stock market have me nervous about maintaining a high equity exposure in my portfolio. At the same time, however, there are a number of true long-term holds in my portfolio that I'm almost disconnectingWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a re ...

DoorDash is seeing a growing share of consumers order from not only its initial offering — restaurants — but also its new verticals that include a growing variety of retailers.“Consumers are continuing to utilize new verticals,” DoorDash Chief Financial Officer Ravi Inukonda said Tuesday (Feb. 11) during the company’s quarterly earnings call. “They’re ordering from all categories.”The share of monthly active users ordering from at least one of DoorDash’s new verticals categories rose from 20% in December 20 ...

Tuesday, February 11, 2025Market indexes were mixed today, after seeing all the majors in the red before the opening bell. The Dow closed up +123 points, +0.28%, while the S&P 500 squeaked by +2 points. The Nasdaq finished the session down -70 points, while the small-cap Russell 2000 closed down -12.Fed Chair Addresses the Senate Today, House TomorrowFed Chair Jerome Powell’s testimony before the Senate Banking Committee earlier today went without surprise. He said once again that the U.S. economy was “stro ...

Financial Data and Key Metrics Changes - The company reported strong growth in Q4 2024, with stable and consistent growth throughout the year, particularly in the restaurant segment, which grew at a double-digit rate [60][61] - The international business is gross profit positive and growing faster than peers, with significant improvements in unit economics [25][43] Business Line Data and Key Metrics Changes - The U.S. restaurant business continues to grow steadily, while new verticals and international segments are growing at a much faster pace [60][61] - The company has over 42 million monthly active users, with order frequency at an all-time high, indicating strong engagement across all business lines [61] Market Data and Key Metrics Changes - The company has a total addressable market (TAM) of approximately 800 million people, with 100 million active shoppers who place around 7 million orders per day [10][12] - The penetration in the U.S. restaurant industry remains in single-digit percentages, indicating significant room for growth [12][14] Company Strategy and Development Direction - The company is focused on improving product quality, expanding geographic reach, and enhancing customer support to drive both penetration and frequency [14][15] - Investments will continue in existing areas such as U.S. restaurants, international markets, and new verticals, with a strong emphasis on product improvements and customer experience [30][31][135] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term growth potential, emphasizing the importance of product improvements and customer relationships in driving future success [84][85] - The company is preparing for advancements in technology, such as autonomous vehicles, while also focusing on mastering logistics and operational efficiency [40][41] Other Important Information - The advertising business is seen as a significant growth area, with plans to enhance product offerings and partnerships to better serve advertisers [106][121] - The company is committed to maintaining a flexible capital allocation strategy, focusing on generating meaningful returns from investments [138][139] Q&A Session Summary Question: What is the opportunity to increase frequency or penetration? - Management highlighted that both penetration and frequency have significant growth potential, with ongoing efforts to improve product offerings and expand into new geographies [10][14] Question: Can you discuss contribution profit margins in international markets? - The CFO noted that the international portfolio is gross profit positive and continues to grow, with a focus on scaling the business to drive efficiency and profitability [24][26] Question: What are the key learnings from the grocery side of the business? - Management indicated that product improvements and better customer relationships are crucial for unlocking growth in grocery delivery, which remains a nascent market [80][84] Question: How is the Dasher supply environment evolving? - Management reported strong Dasher supply, with flexibility in delivery options allowing Dashers to choose their preferred tasks [108][112] Question: What is the outlook for the advertising business? - The company is focused on balancing advertiser needs with consumer experience, ensuring a healthy marketplace before aggressively scaling the advertising business [106][120] Question: How should we think about the pace of the buyback? - The company maintains a conservative approach to buybacks, focusing on generating long-term shareholder value while being opportunistic in capital allocation [139][140]

DoorDash, Inc. (DASH) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to loss of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.94%. A quarter ago, it was expected that this company would post earnings of $0.21 per share when it actually produced earnings of $0.38, delivering a surprise of 80.95%.Over the last four quarters, the company has s ...

DoorDash posted solid fourth-quarter results that were fairly in line with expectations, despite a narrow EPS miss.DoorDash (DASH 0.24%), a leading food delivery and logistics company, released its fourth-quarter earnings on Feb. 11. The company reported strong revenue growth to $2.87 billion, about 1% higher than analysts' estimates of $2.84 billion. Despite this, earnings per share (EPS) of $0.33 came in slightly below the anticipated $0.34. Overall, the quarter demonstrated robust development across key ...

Financial Performance - Revenue for Q4 2024 was $2.9 billion, reflecting a 25% Y/Y increase, driven primarily by growth in Marketplace GOV and advertising revenue[10] - Total revenue for the year ended December 31, 2024, reached $10,722 million, up from $8,635 million in 2023, representing a 24% year-over-year growth[40] - GAAP net income attributable to DoorDash, Inc. common stockholders was $141 million in Q4 2024, compared to a loss of $(154) million in Q4 2023[16] - Net income for 2022 was $(1,368) million, projected to improve to $(565) million in 2023 and reach $117 million in 2024[42] - Net income attributable to DoorDash, Inc. common stockholders for Q4 2024 is $141 million, a significant recovery from a net loss of $154 million in Q4 2023[48] User Engagement - Total Orders increased 19% year-over-year (Y/Y) to 685 million, and Marketplace Gross Order Value (GOV) increased 21% Y/Y to $21.3 billion[4] - Monthly Active Users (MAUs) reached over 42 million in December 2024, up from over 37 million in December 2023, indicating strong user engagement[7] Profitability Metrics - Adjusted EBITDA reached an all-time high of $566 million in Q4 2024, up from $363 million in Q4 2023, representing a 56% Y/Y increase[16] - Adjusted EBITDA for Q4 2024 is projected to be $566 million, up from $363 million in Q4 2023, indicating a growth of 56% year-over-year[48] - Gross profit margin improved from 44.6% in Q4 2023 to a projected 47.8% in Q4 2024[47] - Contribution profit for Q4 2023 is expected to be $689 million, rising to $968 million by Q4 2024[47] Cash Flow and Assets - The company generated operating cash flow of $518 million and Free Cash Flow of $420 million in Q4 2024[17] - Total current assets increased from $5,597 million in 2023 to $7,386 million in 2024, reflecting a 32% growth[39] - Cash and cash equivalents increased from $2,656 million in 2023 to $4,019 million in 2024, a growth of 51%[39] - Net cash provided by operating activities increased significantly from $367 million in 2022 to $1,673 million in 2023, with a further increase to $2,132 million projected for 2024[42] - Free Cash Flow for Q4 2024 is expected to reach $1,802 million, an increase from $1,349 million in Q4 2023, representing a growth of 33.5%[52] Future Projections - For Q1 2025, the company expects Marketplace GOV to be between $22.6 billion and $23.0 billion, with Adjusted EBITDA projected between $550 million and $600 million[20] - The company expects stock-based compensation expense for 2025 to be approximately $1.1 billion to $1.2 billion[25] - The company anticipates depreciation and amortization expense for 2025 to be approximately $580 million to $600 million[25] Operational Strategy - The company plans to continue focusing on operational efficiency and reinvesting in the business to expand long-term profit potential[8] - DoorDash is focusing on expanding its international business and platform innovation as part of its overall business strategy[24] - The company plans to continue its market expansion and product development strategies, focusing on enhancing user experience and operational efficiency[49] Stock and Shareholder Actions - The company repurchased a total of 2.1 million shares of its Class A common stock for $224 million in 2024, with a new authorization for up to $5.0 billion in February 2025[18] - Total stock-based compensation expense for 2024 is estimated at $1,099 million, slightly up from $1,088 million in 2023[50] Legal and Regulatory Matters - The company incurred $102 million in certain legal, tax, and regulatory settlements in Q2 2024, which is a significant increase from $50 million in Q4 2023[48]

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

DoorDash (DASH) is set to release its fourth-quarter 2024 results on Feb. 11.The Zacks Consensus Estimate for earnings is pegged at 34 cents per share, which remained unchanged in the past 30 days. DASH reported a loss of 39 cents per share in the year-ago quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for revenues is currently pegged at $2.83 billion, suggesting a 22.97% increase year over year. The company’s earnings surpassed the Zacks Consen ...

Doordash, Inc. (NASDAQ: DASH ), is at this point a staple software company for many consumers in the US, Europe, Japan, and Australia. After being launched to the public markets in December 2020, the company saw its shares pummeled by more than 80% in 2022. Nevertheless, since 2023, the sharesI am a dedicated financial risk manager and investor specializing in financials, consumer, and technology industries. I have been involved in the investing world for over seven years, making deep analyses and managing ...