Doordash falls 8% on lackluster fourth-quarter results

Core Viewpoint - Doordash's stock fell 10% following disappointing fourth-quarter results and guidance, as the company increases investments in new technology [1] Financial Performance - Revenue for the fourth quarter increased by 38% to approximately $3.96 billion compared to about $2.88 billion last year [2][3] - Total orders grew by 32% year over year, reaching 903 million, while marketplace gross order value rose by 39% to $29.7 billion [2] Earnings and Guidance - Doordash's adjusted EBITDA guidance for the first quarter is projected between $675 million and $775 million, lower than the StreetAccount estimate of $802 million [1] - Earnings per share were reported at 48 cents, below the expected 59 cents [3] - Revenue for the fourth quarter was slightly below the estimate of $3.99 billion [3] Strategic Initiatives - CEO Tony Xu highlighted the company's focus on building new products and systems to enhance user experiences, including a significant project to integrate Doordash, Deliveroo, and Wolt into a single platform [3]