DoorDash, Inc. (DASH) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this company would post earnings of $0.34 per share when it actually produced earnings of $0.33, delivering a surprise of -2.94%.Over the last four quarters, the company has surp ...

DoorDash (DASH) Q1 2025 Earnings Call May 06, 2025 08:00 AM ET Company Participants Weston Twigg - Finance and Investor RelationsShweta Khajuria - Managing DirectorTony Xu - Co-Founder, Chair and CEORavi Inukonda - Chief Financial OfficerYoussef Squali - MD & Head of Internet and Digital Media Research GroupAndrew Boone - Managing DirectorMark Mahaney - Senior Managing DirectorBrian Nowak - Managing Director Ron Josey - Managing Director Conference Call Participants Deepak Mathivanan - Senior Equity Researc ...

1. 5月6日(周二)美股盘前，美股三大股指期货齐跌。截至发稿，道指期货跌0.77%，标普500指数期货跌0.93%，纳指期货跌1.21%。 个股消息 DoorDash(DASH.US)一季度营收同比增超20%，EBITDA超预期。DoorDash一季度营收同比增长20.7%至30.3亿美元(低于市场预期6000万美元)，净营收利 润率持平于13.1%，贡献利润占比从4.5%微降至4.4%;调整后EBITDA达5.9亿美元(同比增59%，超市场预期5.885亿美元)。公司预计二季度调整后EBITDA为6 亿-6.5亿美元(中间值6.25亿，略低于市场预期6.38亿)，并提示消费需求波动及汇率风险。据悉，该公司Marketplace GOV(总交易额)达231亿美元(同比增 20%，超市场预期229亿美元)，其中杂货品类消费者数量及客单价(尤其易腐食品支出)均创历史新高。 关税冲击阴云压顶，飞利浦(PHG.US)下调年度利润预期。荷兰医疗科技企业飞利浦表示，尽管已采取"大量关税缓解措施"，但美国关税仍将带来2.5亿至3亿 欧元(约合2.83亿至3.4亿美元)的净影响，该公司将下调2025年利润率预期。数据显示， ...

DoorDash (DASH) Q1 2025 Earnings Call May 06, 2025 08:00 AM ET Company Participants Weston Twigg - Finance and Investor RelationsShweta Khajuria - Managing DirectorTony Xu - Co-Founder, Chair and CEORavi Inukonda - Chief Financial OfficerYoussef Squali - MD & Head of Internet and Digital Media Research GroupAndrew Boone - Managing DirectorMark Mahaney - Senior Managing DirectorBrian Nowak - Managing Director Ron Josey - Managing Director Conference Call Participants Deepak Mathivanan - Senior Equity Researc ...

Financial Data and Key Metrics Changes - The company reported strong performance in Q1 2025, with consistent growth in gross order value (GOV) and EBITDA profit dollars [34][36][120] - The net revenue margin decreased quarter on quarter, attributed to affordability initiatives and seasonality effects [39][43] Business Line Data and Key Metrics Changes - The new verticals business, including grocery, showed strong growth with an increasing number of monthly active users (MAUs) [24][25] - The grocery segment is becoming a larger component of the overall business, with increasing basket sizes driven by consumer habituation [119] Market Data and Key Metrics Changes - The company is expanding its international presence, particularly in Europe, with the potential acquisition of Deliveroo expected to enhance scale and market share [11][22] - The competitive landscape in Europe remains challenging, but the company believes it can leverage its experience to improve Deliveroo's performance [46][78] Company Strategy and Development Direction - The company is focused on increasing its market share through strategic acquisitions and investments in technology and service improvements [12][22] - The strategy includes enhancing the DashPass membership program to provide more value to consumers and drive usage [70][110] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the food delivery market, noting that food delivery remains a frequent form of consumer spending [13][14] - The company is optimistic about future growth, particularly in the grocery segment, and expects to be volume share leaders in the coming year [58][120] Other Important Information - The company is investing in technology, including autonomous delivery solutions, to enhance operational efficiency and customer experience [103][120] - The management emphasized the importance of maintaining a healthy cash balance for operational flexibility, targeting a minimum of approximately $1 billion [92] Q&A Session Summary Question: What is the combined market share of DoorDash, Wolfe, and Deliveroo in Europe? - Management highlighted the potential for increased scale and market presence through the acquisition of Deliveroo, which would enhance their competitive position in Europe [11][22] Question: How is the company positioning itself regarding pricing and tariffs? - Management noted that current tariffs have not significantly impacted consumer behavior, and they are focused on affordability initiatives to maintain customer engagement [12][13] Question: What factors are driving increased spend per customer in grocery? - The company reported that increased selection and improved product quality are driving higher order volumes and customer retention in the grocery segment [25][26] Question: How does the company view the competitive landscape in Europe? - Management acknowledged the competitive nature of the market but expressed confidence in their ability to leverage their experience to improve performance in the region [46][78] Question: What is the long-term vision for DashPass? - The company aims to enhance the DashPass program by increasing its utility and connecting local businesses with consumers more effectively [70][110] Question: What is the expected impact of FX on guidance? - Management indicated that FX is expected to have a minor impact on GOV growth, which is accounted for in their guidance [120][121]

Financial Performance - Total Orders increased 18% year-over-year (Y/Y) to 732 million, and Marketplace GOV increased 20% Y/Y to $23.1 billion[7] - Revenue increased 21% Y/Y to $3.0 billion, with a Net Revenue Margin of 13.1%, flat compared to Q1 2024[19] - GAAP net income attributable to common stockholders rose to $193 million from a loss of $(23) million in Q1 2024[24] - Adjusted EBITDA reached $590 million, up 59% from $371 million in Q1 2024[25] - GAAP gross profit was $1.5 billion, up 31% Y/Y, with gross profit as a percentage of Marketplace GOV at 6.4%[21] - Revenue for Q1 2025 was $3,032 million, up from $2,513 million in Q1 2024, representing a growth of approximately 20.7%[47] - Net income attributable to DoorDash, Inc. common stockholders for Q1 2025 was $193 million, compared to a net loss of $23 million in Q1 2024[47] - Net income for the three months ended March 31, 2025, was $192 million, a significant recovery from a net loss of $25 million in the same period of 2024[49] - Gross profit margin improved to 48.7% in Q1 2025, compared to 44.9% in Q1 2024, showcasing enhanced profitability[52] - Adjusted gross profit for Q1 2025 is expected to be $1,574 million, up from $1,224 million in Q1 2024, reflecting a growth of 28.6%[52] - The company reported a contribution profit of $1,020 million for Q1 2025, an increase from $751 million in Q1 2024, representing a growth of 36%[52] Cash Flow and Assets - Free Cash Flow increased to $494 million in Q1 2025, up from $487 million in Q1 2024[25] - Operating cash flow increased to $635 million in Q1 2025, up from $553 million in Q1 2024, reflecting improved operational efficiency[49] - Cash, cash equivalents, and restricted cash at the end of the period increased to $4,714 million, up from $3,247 million at the end of Q1 2024[49] - Net cash provided by operating activities for Q1 2024 was $1.829 billion, expected to rise to $2.214 billion in Q1 2025[57] Expenses and Projections - GAAP sales and marketing expense was $586 million, up 16% Y/Y, representing 2.5% of Marketplace GOV[22] - Stock-based compensation expense for 2025 is expected to be between $1.1 billion and $1.2 billion[33] - Depreciation and amortization expense for 2025 is projected to be between $600 million and $640 million[33] - Stock-based compensation expenses for Q1 2025 are projected to be $235 million, slightly down from $252 million in Q1 2024, indicating cost management efforts[49] - The company incurred $35 million in legal, tax, and regulatory settlements in Q1 2024, with a forecast of $30 million for Q1 2025[53] - Interest income, net for Q1 2024 was a loss of $45 million, with a similar loss projected for Q1 2025 at $49 million[53] - The company expects to incur $2 million in transaction-related costs in Q2 2024, increasing to $5 million in Q1 2025[53] Acquisitions and Strategic Initiatives - DoorDash announced an agreement to acquire SevenRooms for approximately $1.2 billion, enhancing its hospitality technology capabilities[16] - A formal offer to acquire Deliveroo for £2.9 billion was announced, expected to close in Q4 2025[13] - DoorDash is pursuing acquisitions of Deliveroo and SevenRooms, with expectations regarding their impact on future operations and growth[35] - The company plans to invest in new product development and market expansion, with a focus on enhancing user experience and operational capabilities[50] - The company anticipates continued growth in user data and engagement metrics, supporting its long-term strategic objectives[50] Future Outlook - The company expects Q2 2025 Marketplace GOV to be between $23.3 billion and $23.7 billion, with Adjusted EBITDA projected at $600 million to $650 million[27] - Adjusted EBITDA outlook for 2025 is not provided due to uncertainties, but historical reconciliations are available[29] - Total assets increased from $12,845 million as of December 31, 2024, to $13,572 million as of March 31, 2025[46] - Total liabilities rose from $5,035 million as of December 31, 2024, to $5,177 million as of March 31, 2025[46] - The CEO performance award for 2024 is estimated at $67 million, with a total stock-based compensation of $1.099 billion[55] - Capitalized software and website development costs for Q1 2024 were $208 million, projected to increase to $244 million in Q1 2025[57]

Group 1 - U.S. Treasury Secretary Bessent anticipates progress in U.S.-China trade negotiations in the coming weeks and states that the 145% tariffs imposed on China cannot be sustained long-term [2] - Tesla reports that over 95% of parts for each Model 3 and refreshed Model Y are sourced from China [2] - Elon Musk reveals that Tesla will launch unsupervised Full Self-Driving (FSD) technology in a few months, starting in Austin, Texas, and emphasizes the diminishing presence of manually driven cars in the future [2] Group 2 - CATL is reportedly seeking a $1 billion loan for its expansion in Indonesia, with a loan term of 5 to 7 years to support its joint venture in West Java [2] - WeRide and Uber announce an expansion of their strategic partnership, planning to deploy Robotaxi services in 15 new international cities over the next five years [4] - Pony.ai and Uber have reached a global strategic cooperation agreement, with Pony.ai's Robotaxi services set to integrate into the Uber platform later this year, starting in the Middle East [4] Group 3 - Ant Group plans to separately list its overseas unit Ant International in Hong Kong, currently in discussions with regulators, with no policy barriers reported [4] - DoorDash announces a £2.9 billion acquisition of Deliveroo, marking its expansion into international markets [6] - Sanhua Intelligent Controls states that by 2024, less than 20% of its business will be exported to the U.S., with direct exports from China accounting for less than 5% [6] Group 4 - Apple is expected to enable some AI features in mainland China with support from Alibaba and Baidu, with Baidu's model serving as the core engine [7] - Warren Buffett announces his plan to retire by the end of the year, recommending Greg Abel as his successor [7] - Fujian Zhongwei Semiconductor completes its angel round financing and plans to introduce foreign technology teams for further development [8]

LONDON — British food delivery firm Deliveroo on Monday said it has agreed to a takeover offer from American rival DoorDash that values the company at £2.9 billion ($3.9 billion).Deliveroo, which lets users order hot meals and groceries via an app, said its board agreed to an offer from DoorDash to acquire all issued and to be issued shares in the company for 180 pence a share.That marks a 44% premium to Deliveroo's closing price on April 4, the last business day prior to DoorDash's initial offer letter.Del ...

Core Insights - Teremana® Tequila, founded by Dwayne "The Rock" Johnson, is launching its fifth annual "Guac on the Rock" initiative, expanding its offerings to include all appetizers, not just guacamole, in response to consumer preferences and economic pressures [1][4][5] Company Initiatives - The "Guac on the Rock" program will run from May 1 to May 31, 2025, allowing patrons to receive a $10 reimbursement for any appetizer purchased with a Teremana® cocktail, with a total reimbursement cap of $1,000,000 [3][7] - This year marks the first partnership with DoorDash, enabling consumers to participate in the initiative through delivery, reflecting a shift towards convenience in dining habits [2][4] Consumer Engagement - To participate, consumers must share a photo of their receipt for reimbursement via Venmo, with receipts accepted until June 5, 2025 [5][7] - The initiative aims to support local bars and restaurants while encouraging social gatherings, aligning with Teremana®'s philosophy of bringing people together [6][9] Market Context - A recent report indicates that 84% of Americans are dining out less frequently due to inflation, highlighting the relevance of this initiative in making dining out more accessible [4] - The program's expansion to include all appetizers aims to attract a broader audience and enhance consumer participation [4][5] Brand Philosophy - Teremana® emphasizes its commitment to quality and accessibility, aiming to foster good energy and community through its products and initiatives [9] - The brand's philosophy, "Share the Mana," underlines its dedication to gratitude and positive interactions with consumers [5][9]

Core Viewpoint - DoorDash is seeking to dismiss a lawsuit from Uber that accuses it of anti-competitive practices by intimidating restaurants into exclusive agreements [1][2]. Group 1: Legal Proceedings - DoorDash has filed a motion arguing that Uber's claims are without merit and characterizes the lawsuit as a "scare tactic" from a frustrated competitor [2]. - A hearing for the case is scheduled for July 11 in California Superior Court [2]. - Uber's lawsuit, filed in February, alleges that DoorDash threatens restaurants with multimillion-dollar penalties or adverse treatment on its app [3]. Group 2: Company Positions - DoorDash claims to compete fairly and vigorously, emphasizing its commitment to delivering value to merchants [2]. - Uber contends that DoorDash's actions constitute coercion rather than competition, asserting its role in advocating for a level playing field for merchants [4]. Group 3: Market Developments - DoorDash has made an offer to acquire Deliveroo, a European food delivery company, for $3.6 billion [5].