America's favorite food delivery platform is sacrificing growth in search of profitability.DoorDash (DASH -1.73%) stock came public at the end of 2020 at $102 per share. The initial public offering (IPO) was perhaps slightly opportunistic, considering its food delivery business was benefiting greatly from pandemic-era lockdowns and social restrictions.The company was consistently delivering triple-digit-percentage growth in its revenue, so it's no surprise the stock soared to an all-time high of $246 in les ...

DoorDash (DASH) reported a GAAP loss of 6 cents per share in first-quarter 2024, narrower than the year-ago quarter’s loss of 41 cents. The figure beat the Zacks Consensus Estimate by 14.29%.Revenues increased 23.5% year over year to $2.51 billion and surpassed the consensus mark by 2.37%. The upside was driven by strong performance in total orders and Marketplace GOV, alongside enhanced logistics efficiency and an increasing contribution from advertising.DoorDash’s success in the first quarter was further ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

Source: TradingView.com.Key TakeawaysShares in food delivery giant DoorDash moved sharply lower in premarket trading on Thursday after the company reported a wider-than-expected net loss.The company said gross order value growth in its U.S. restaurant segment decelerated slightly on a sequential basis.DoorDash shares may find a zone of support from prior price action and the 50% Fibonacci retracement level between $105 and $110.50. Food delivery giant DoorDash (DASH) posted a wider-than-expected loss for ...

DoorDash set new company records across several metrics in the first quarter as it continued to expand its services into new segments of the local retail economy.The on-demand delivery aggregator set new quarterly records for total orders, total dollar value of orders completed on its marketplaces, and revenue during the three-month period ended March 31, DoorDash said in a Wednesday (May 1) earnings release.“What is known is that the direction of travel is always in the direction of greater digital, greate ...

DoorDash, Inc. (NASDAQ:DASH) Q1 2024 Earnings Call Transcript May 1, 2024 5:00 PM ET Company Participants Andy Hargreaves - IR Tony Xu - Co-Founder, Chair and CEO Ravi Inukonda - CFO Conference Call Participants Nikhil Devnani - Bernstein Mark Mahaney - Evercore ISI Michael Morton - MoffettNathanson James Lee - Mizuho Brian Nowak - Morgan Stanley Eric Sheridan - Goldman Sachs Andrew Boone - JMP Securities Ron Josey - Citi Bernie McTernan - Needham & Company Lee Horowitz - Deutsche Bank Alec Brondolo - Wells ...

Photo by Marques Thomas on Unsplash.DoorDash dedicated two large paragraphs of its first quarter earnings report and several minutes on a call with analysts to voice opposition against controversial minimum wage laws for delivery drivers in Seattle and New York City. The company’s comments reflect an ongoing battle between tech giants and supporters of legislation aimed at boosting pay for drivers that are classified as independent contractors. In its earnings press release, DoorDash said the recently imple ...

DoorDash, Inc. (DASH) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this company would post a loss of $0.15 per share when it actually produced a loss of $0.39, delivering a surprise of -160%.Over the last four quarters, the company has surpassed ...

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 ___________________________ ...