DoorDash, Inc. (DASH) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to loss of $0.19 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 80.95%. A quarter ago, it was expected that this company would post a loss of $0.10 per share when it actually produced a loss of $0.38, delivering a surprise of -280%. Over the last four quarters, the company has surp ...

Revenue Growth - Revenue grew to $2.706 billion in Q3 2024, up 25% year-over-year[99] - Revenue increased by $542 million (25%) in Q3 2024 compared to Q3 2023, driven by a 19% increase in Marketplace GOV and higher advertising revenue[116] - Revenue increased by $1.5 billion (24%) in the first nine months of 2024 compared to the same period in 2023, primarily due to a 20% increase in Marketplace GOV[117] - Revenue for the three months ended September 2024 increased to $2.706 billion, up from $2.164 billion in the same period in 2023, representing a 25% growth[161] Marketplace Performance - Total Orders increased to 643 million in Q3 2024, representing 18% year-over-year growth[101] - Marketplace GOV reached $20.0 billion in Q3 2024, a 19% increase compared to the same quarter in 2023[102] Profitability Metrics - Net Revenue Margin improved to 13.5% in Q3 2024, up from 12.9% in Q3 2023[103] - Contribution Profit increased to $930 million in Q3 2024, compared to $640 million in Q3 2023[105] - Adjusted EBITDA rose to $533 million in Q3 2024, up from $344 million in Q3 2023[107] - GAAP net income attributable to DoorDash common stockholders was $162 million in Q3 2024, compared to a loss of $73 million in Q3 2023[99] - Contribution profit for the three months ended September 2024 reached $930 million, up from $640 million in 2023, with a contribution margin increase from 29.6% to 34.4%[161] - Adjusted EBITDA for the three months ended September 2024 increased to $533 million, up from $344 million in 2023[168] Cost and Expense Analysis - Cost of revenue increased to $1.374 billion in Q3 2024, up from $1.156 billion in Q3 2023[109] - Research and development expenses grew to $289 million in Q3 2024, compared to $250 million in Q3 2023[109] - Cost of revenue increased by $218 million (19%) in Q3 2024, driven by a $157 million increase in order management costs and a $35 million increase in platform costs[120] - Cost of revenue increased by $729 million (22%) in the first nine months of 2024, primarily due to a $609 million increase in order management costs[121] - Sales and marketing expenses increased by $34 million (8%) in Q3 2024, driven by a $20 million increase in personnel-related compensation and a $12 million increase in advertising expenses[123] - Research and development expenses increased by $39 million (16%) in Q3 2024, primarily due to a $40 million increase in personnel-related compensation and allocated overhead[126] - General and administrative expenses increased by $26 million (9%) in Q3 2024, driven by a $17 million increase in sales and indirect taxes and a $13 million increase in personnel-related compensation[129] - Depreciation and amortization expenses increased by $10 million (8%) in Q3 2024, primarily due to a $12 million increase in amortization expense related to capitalized software and website development costs[133] - Adjusted cost of revenue for Q3 2024 was $1,329 million, up from $1,111 million in Q3 2023, after excluding stock-based compensation and allocated overhead[152] - Adjusted sales and marketing expense for Q3 2024 was $447 million, compared to $413 million in Q3 2023, after excluding stock-based compensation and allocated overhead[154] - Adjusted research and development expense for Q3 2024 was $156 million, up from $126 million in Q3 2023, after excluding stock-based compensation and allocated overhead[156] - Adjusted general and administrative expense for Q3 2024 was $241 million, compared to $170 million in Q3 2023, after excluding stock-based compensation, legal expenses, and allocated overhead[158] Cash Flow and Liquidity - Free Cash Flow reached $444 million in Q3 2024, up from $324 million in Q3 2023[108] - Free cash flow for the nine months ended September 2024 was $1.382 billion, compared to $951 million in the same period in 2023[171] - The company had $5.8 billion in cash, cash equivalents, and marketable securities as of September 30, 2024[173] - Net cash provided by operating activities increased to $1.614 billion in the first nine months of 2024, up from $1.188 billion in the same period in 2023[177] - Cash used in investing activities rose to $281 million in the first nine months of 2024, compared to $223 million in the same period in 2023[177] - Cash used in financing activities decreased significantly to $211 million in the first nine months of 2024, down from $702 million in the same period in 2023[177] - Cash provided by operating activities in 2024 included $828 million in non-cash stock-based compensation expense and $420 million in non-cash depreciation and amortization expense[178] - Cash provided by operating activities in 2023 included $819 million in non-cash stock-based compensation expense and $379 million in non-cash depreciation and amortization expense[179] - Investing activities in 2024 included $1.5 billion in purchases of marketable securities and $1.5 billion in proceeds from maturities and sales of marketable securities[180] - Financing activities in 2024 included $224 million in repurchases of Class A common stock, partially offset by $7 million from exercise of stock options[182] Financial Position and Capital Structure - The company's accumulated deficit as of September 30, 2024, was $5.4 billion[174] - The company authorized a share repurchase program of up to $1.1 billion in February 2024, with $876 million remaining available as of September 30, 2024[175] - The company's revolving credit facility provides for an $800 million unsecured revolving credit facility maturing on April 26, 2029[172] - The company's non-marketable equity investments had an aggregate carrying value of $40 million as of September 30, 2024[189] Interest and Tax Impact - Interest income, net increased by $14 million (35%) in Q3 2024, driven by higher average interest rates on marketable securities[137] - Other expense, net increased by $5 million (500%) in Q3 2024, though it was not material in the periods presented[139] - The benefit from income taxes for Q3 2024 was $6 million, primarily driven by losses in non-U.S. jurisdictions, compared to a provision of $6 million in Q3 2023 due to positive pre-tax book income in the U.S.[144] - For the first nine months of 2024, the provision for income taxes was $2 million, driven by foreign tax expense offset by tax benefits from 2023 losses in non-U.S. jurisdictions, compared to $14 million in the same period of 2023 due to U.S. pre-tax book income[145] Risk and Sensitivity Analysis - A hypothetical 100 basis point increase in interest rates would not have materially affected the company's financial statements as of September 30, 2024[187] - The company estimated that a 10% change in exchange rates against the U.S. dollar would not result in a material gain or loss based on foreign currency exposures as of September 30, 2024[191] Gross Profit and Margin Analysis - Gross profit for the three months ended September 2024 rose to $1.283 billion, compared to $962 million in 2023, with a gross margin improvement from 44.5% to 47.4%[161] - Adjusted gross profit for the three months ended September 2024 was $1.377 billion, compared to $1.053 billion in 2023, with an adjusted gross margin improvement from 48.7% to 50.9%[163]

Three Months Ended Exhibit 99.1 DoorDash Releases Third Quarter 2024 Financial Results October 30, 2024 SAN FRANCISCO—(BUSINESS WIRE)—DoorDash, Inc. (NASDAQ: DASH) today announced its financial results for the quarter ended September 30, 2024. In Q3 2024, we continued to drive strong growth in Total Orders, Marketplace GOV, and revenue, while generating positive GAAP net income for the first time as a public company. Our goal is to build a large and durable business that helps local merchants succeed and ex ...

DoorDash (DASH) is set to release its third-quarter 2024 results on Oct. 30. For the third quarter the Zacks Consensus Estimate for earnings is pegged at 21 cents per share, increased by a penny in the past 30 days. DASH reported a loss of 19 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 $2.66 billion, suggesting a 23.06% increase year over year. The company's earnings surpas ...

Some investors are weary of buying into stocks when the S&P 500 index is trading near its all-time high and has also made new highs recently, but that doesn't mean all stocks are overpriced or not worth considering. Today's list of stocks will offer investors a chance to align their portfolios with the current scenarios playing out in the economy, or at least the expectations for the coming quarters. These stocks will benefit from the potential of rising inflation in the United States economy. Most thought ...

Wall Street expects a year-over-year increase in earnings on higher revenues when DoorDash, Inc. (DASH) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Octobe ...

DoorDash (DASH) is benefiting from an expanding partner base that includes the likes of Wegmans Food Markets, Warner Bros. Discovery's (WBD) streaming service Max, JPMorgan Chase & Co.'s (JPM) U.S. consumer and commercial banking division Chase and Academy Sports and Outdoors (ASO) . DASH recently announced an expanded partnership with Wegmans Food Markets, enhancing its grocery delivery offerings across Maryland and soon in several states, including Virginia, North Carolina, New Jersey, Delaware and upstat ...

DoorDash's (DASH) shares have surged 43.7% in the year-to-date period compared with the Zacks Internet - Services industry's growth of 18% and the broader Zacks Computer & Technology sector's appreciation of 23.4%. The outperformance can be attributed to strong performance in total orders and Marketplace Gross Order Value (GOV), alongside enhanced logistics efficiency and an increased contribution from advertising. DoorDash is also gaining momentum in new verticals, particularly in the grocery segment, whic ...

. . DoorDash and MenuSifu Announce Expanded Partnership, Boosting Local Restaurant Success September 26, 2024 3:50 PM EDT | Source: MenuSifu New York, New York--(Newsfile Corp. - September 26, 2024) - MenuSifu, a leading North American SaaS provider, is excited to announce the expansion of its partnership with DoorDash. Through this enhanced collaboration, the MenuSifu Central third-party delivery management platform now seamlessly integrates with DoorDash, providing restaurants with a more efficient soluti ...

DoorDash (DASH) is expanding its footprint in the digital commerce space with the recent launch of products designed to help merchants grow and manage their businesses across their channels, both in-store and online. The new DoorDash Commerce Platform offers merchants tools such as branded mobile apps, AI-powered phone ordering systems and tableside order and pay solutions. The platform will empower them to enhance customer engagement and streamline operations. With features like Drive On-Demand delivery an ...