Core Insights - DoorDash (DASH) shares have increased by 3.9% following the release of its fourth-quarter 2024 results, driven by higher Marketplace Gross Order Value (GOV) and growth in advertising revenues [1][4] - Over the past 12 months, DASH shares have surged 70.1%, outperforming the Zacks Internet - Services industry's return of 25.7% and the broader Zacks Computer & Technology sector's appreciation of 23.6% [1][4] Financial Performance - The company reported a year-over-year increase of 19% in total orders for Q4 2024, reaching 685 million orders [4] - Marketplace GOV grew by 21%, totaling $21.3 billion, indicating strong demand across platforms [4] - The Zacks Consensus Estimate for 2025 earnings is $1.94 per share, reflecting a year-over-year increase of 568.97% despite a 2% decline over the past 30 days [12] - The estimated revenue for 2025 is $12.73 billion, suggesting an 18.74% increase from 2024's estimated figure of $10.72 billion [13] Strategic Partnerships and Expansion - DoorDash has expanded its offerings beyond restaurants, launching a commerce platform and enhancing its grocery delivery services [5] - A partnership with The Home Depot allows for on-demand delivery of home improvement essentials, with delivery in as little as one hour [6] - Collaborations with various partners, including Ibotta, Walmart Canada, Wegmans Food Markets, and Lyft, have broadened DoorDash's reach and service offerings [7][9][10][11] - The integration of Ibotta's digital promotions into DoorDash's platform provides personalized savings for customers and enhanced opportunities for CPG brands [8] Valuation and Investment Potential - Despite strong growth prospects, DoorDash stock is considered overvalued, with a Price/Book ratio of 11.03 compared to the industry average of 5.96 [14] - The company holds a Zacks Rank 2 (Buy) and a Growth Score of A, indicating a favorable investment opportunity [15]

Core Insights - DoorDash (DASH) reported earnings of 33 cents per share in Q4 2024, a significant improvement from a loss of 39 cents in the same quarter last year, although it missed the Zacks Consensus Estimate by 2.94% [1] - Revenue increased by 24.8% year over year to $2.87 billion, surpassing the consensus mark by 1.34%, driven by higher Marketplace Gross Order Value (GOV) and growth in advertising revenues [2] - Following the earnings report, DoorDash shares rose by 5.75% in after-hours trading to $204.20, likely due to strong revenue growth and performance in total orders and Marketplace GOV [2] Financial Performance - Total orders in Q4 increased by 19% year over year to 685 million, beating the Zacks Consensus Estimate by 1.50% [3] - Marketplace GOV rose by 21% year over year to $21.3 billion, exceeding the consensus estimate by 1.67% [3] - Adjusted gross profit reached $1,472 million, up 31.8% from the previous year, with an adjusted gross margin expanding by 270 basis points to 51.2% [3] - The contribution margin improved to 33.7% compared to 29.9% in the year-ago quarter [3] Expenses and Profitability - Adjusted sales and marketing expenses increased by 17.8% year over year to $504 million [4] - Adjusted research and development expenses rose by 25.8% year over year to $166 million [4] - Adjusted general and administrative expenses increased by 21.6% from the previous year to $236 million [4] - Adjusted EBITDA was $566 million, compared to $363 million in the year-ago quarter, with an adjusted EBITDA margin expanding by 390 basis points to 19.7% [4] Balance Sheet and Cash Flow - As of December 31, 2024, DoorDash had $5.34 billion in cash and cash equivalents, an increase from $4.96 billion as of September 30, 2024 [5] - Cash flow from operations was $518 million in Q4, slightly down from $531 million in the previous quarter [5] - Free cash flow was $420 million, lower than the previous quarter's $444 million [5] Future Guidance - For Q1 2025, DoorDash anticipates Marketplace GOV to be between $22.6 billion and $23 billion [6] - Adjusted EBITDA is expected to be in the range of $550 million to $600 million [6] Market Position - DoorDash currently holds a Zacks Rank 2 (Buy) [7] - Other notable stocks in the sector include KT (Rank 1), BWX Technologies, and Innodata (both Rank 2) [7][8]

Shares of DoorDash Inc DASH were climbing in early trading on Wednesday, after the company reported solid fourth-quarter results.Here are some key analyst takeaways. Check out other analyst stock ratings.Needham: DoorDash's gross order value (GOV) grew 20.6% year-on-year, accelerating after two straight quarters of deceleration. The company also "capped off a third straight year of growing GOV >20% post pandemic," McTernan said. The company continues to pursue opportunities to expand its reach and frequency ...

In general, the record-breaking levels in the stock market have me nervous about maintaining a high equity exposure in my portfolio. At the same time, however, there are a number of true long-term holds in my portfolio that I'm almost disconnectingWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a re ...

DoorDash is seeing a growing share of consumers order from not only its initial offering — restaurants — but also its new verticals that include a growing variety of retailers.“Consumers are continuing to utilize new verticals,” DoorDash Chief Financial Officer Ravi Inukonda said Tuesday (Feb. 11) during the company’s quarterly earnings call. “They’re ordering from all categories.”The share of monthly active users ordering from at least one of DoorDash’s new verticals categories rose from 20% in December 20 ...

Tuesday, February 11, 2025Market indexes were mixed today, after seeing all the majors in the red before the opening bell. The Dow closed up +123 points, +0.28%, while the S&P 500 squeaked by +2 points. The Nasdaq finished the session down -70 points, while the small-cap Russell 2000 closed down -12.Fed Chair Addresses the Senate Today, House TomorrowFed Chair Jerome Powell’s testimony before the Senate Banking Committee earlier today went without surprise. He said once again that the U.S. economy was “stro ...

DoorDash, Inc. (NASDAQ:DASH) Q4 2024 Earnings Conference Call February 11, 2025 5:00 PM ET Company Participants Wes Twigg - Investor Relations Tony Xu - Co-Founder, Chair and Chief Executive Officer Ravi Inukonda - Chief Financial Officer Conference Call Participants Ross Sandler - Barclays Shweta Khajuria - Wolfe Research Deepak Mathivanan - Cantor Fitzgerald Michael Morton - Moffett Nathanson Bernie McTernan - Needham & Company Nikhil Devnani - Bernstein Eric Sheridan - Goldman Sachs Jason Helfstein - Opp ...

DoorDash, Inc. (DASH) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to loss of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.94%. A quarter ago, it was expected that this company would post earnings of $0.21 per share when it actually produced earnings of $0.38, delivering a surprise of 80.95%.Over the last four quarters, the company has s ...

DoorDash posted solid fourth-quarter results that were fairly in line with expectations, despite a narrow EPS miss.DoorDash (DASH 0.24%), a leading food delivery and logistics company, released its fourth-quarter earnings on Feb. 11. The company reported strong revenue growth to $2.87 billion, about 1% higher than analysts' estimates of $2.84 billion. Despite this, earnings per share (EPS) of $0.33 came in slightly below the anticipated $0.34. Overall, the quarter demonstrated robust development across key ...

Financial Performance - Revenue for Q4 2024 was $2.9 billion, reflecting a 25% Y/Y increase, driven primarily by growth in Marketplace GOV and advertising revenue[10] - Total revenue for the year ended December 31, 2024, reached $10,722 million, up from $8,635 million in 2023, representing a 24% year-over-year growth[40] - GAAP net income attributable to DoorDash, Inc. common stockholders was $141 million in Q4 2024, compared to a loss of $(154) million in Q4 2023[16] - Net income for 2022 was $(1,368) million, projected to improve to $(565) million in 2023 and reach $117 million in 2024[42] - Net income attributable to DoorDash, Inc. common stockholders for Q4 2024 is $141 million, a significant recovery from a net loss of $154 million in Q4 2023[48] User Engagement - Total Orders increased 19% year-over-year (Y/Y) to 685 million, and Marketplace Gross Order Value (GOV) increased 21% Y/Y to $21.3 billion[4] - Monthly Active Users (MAUs) reached over 42 million in December 2024, up from over 37 million in December 2023, indicating strong user engagement[7] Profitability Metrics - Adjusted EBITDA reached an all-time high of $566 million in Q4 2024, up from $363 million in Q4 2023, representing a 56% Y/Y increase[16] - Adjusted EBITDA for Q4 2024 is projected to be $566 million, up from $363 million in Q4 2023, indicating a growth of 56% year-over-year[48] - Gross profit margin improved from 44.6% in Q4 2023 to a projected 47.8% in Q4 2024[47] - Contribution profit for Q4 2023 is expected to be $689 million, rising to $968 million by Q4 2024[47] Cash Flow and Assets - The company generated operating cash flow of $518 million and Free Cash Flow of $420 million in Q4 2024[17] - Total current assets increased from $5,597 million in 2023 to $7,386 million in 2024, reflecting a 32% growth[39] - Cash and cash equivalents increased from $2,656 million in 2023 to $4,019 million in 2024, a growth of 51%[39] - Net cash provided by operating activities increased significantly from $367 million in 2022 to $1,673 million in 2023, with a further increase to $2,132 million projected for 2024[42] - Free Cash Flow for Q4 2024 is expected to reach $1,802 million, an increase from $1,349 million in Q4 2023, representing a growth of 33.5%[52] Future Projections - For Q1 2025, the company expects Marketplace GOV to be between $22.6 billion and $23.0 billion, with Adjusted EBITDA projected between $550 million and $600 million[20] - The company expects stock-based compensation expense for 2025 to be approximately $1.1 billion to $1.2 billion[25] - The company anticipates depreciation and amortization expense for 2025 to be approximately $580 million to $600 million[25] Operational Strategy - The company plans to continue focusing on operational efficiency and reinvesting in the business to expand long-term profit potential[8] - DoorDash is focusing on expanding its international business and platform innovation as part of its overall business strategy[24] - The company plans to continue its market expansion and product development strategies, focusing on enhancing user experience and operational efficiency[49] Stock and Shareholder Actions - The company repurchased a total of 2.1 million shares of its Class A common stock for $224 million in 2024, with a new authorization for up to $5.0 billion in February 2025[18] - Total stock-based compensation expense for 2024 is estimated at $1,099 million, slightly up from $1,088 million in 2023[50] Legal and Regulatory Matters - The company incurred $102 million in certain legal, tax, and regulatory settlements in Q2 2024, which is a significant increase from $50 million in Q4 2023[48]