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 ___________________________ ...

Exhibit 99.1 DoorDash Releases First Quarter 2024 Financial Results May 1, 2024 SAN FRANCISCO--(BUSINESS WIRE)-- DoorDash, Inc. (NASDAQ: DASH) today announced its financial results for the quarter ended March 31, 2024. 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. An evergreen goal for us is to execute at a high level against our operational targets, as this drives incremental scale and efficiency that we can rei ...

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 ...

DoorDash (DASH) is set to release its first-quarter 2024 results on May 1.The Zacks Consensus Estimate for the top line is currently pegged at $2.45 billion, suggesting a 20.63% increase year over year.The consensus mark for loss is estimated to be 7 cents per share, unchanged in the past 30 days. DASH reported a loss of 41 cents per share in the year-ago quarter.The company’s earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters while missing the same twice, the average surpr ...

(Uber Photo)After a controversial minimum wage law for food delivery drivers in Seattle went into effect in January, tech giants including Uber and DoorDash made it clear they weren’t happy.They immediately added substantial new delivery fees for consumers, which caused demand to drop. They also cranked up their lobbying efforts, spending heavily and making frequent trips to City Hall to meet with councilmembers, according to visitor logs from the Seattle City Council. Now, a new proposal could reverse the ...

Investors might want to bet on DoorDash, Inc. (DASH) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.S ...

One stock that might be an intriguing choice for investors right now is DoorDash, Inc. (DASH) . This is because this security in the Internet - Services space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Internet ...

The stock market has been in a solid rally since the third quarter of 2023, pushing significant indices to new highs. That upward trajectory also raised company valuations for many stocks, putting investors at risk of inflated stock prices and selloffs. Being the most traded exchange in the states, the Nasdaq is no stranger to seeing expensive stocks that investors should sell. These expensive stocks show signs of decline or have recently seen explosive price growth that lacks fundamental support. Indeed, e ...