DoorDash Inc

DASH

Equity

ISIN US25809K1051 / Valor 58365265

NASDAQ (2024-11-20)

USD 172.20-2.26%

DoorDash Inc
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About company

DoorDash Inc, listed on the NASDAQ as DASH, is a technology company established in 2013 that operates as a local commerce platform connecting consumers with businesses in over 30 countries worldwide. The company offers products and services to assist businesses in expanding their reach and attracting more customers. DoorDash aims to support merchants in thriving in the convenience economy while providing consumers with access to a wider range of local businesses in their communities.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Growth

DoorDash Inc. reported a significant increase in revenue for the second quarter of 2024. The company's revenue grew by 23% year-over-year (Y/Y), reaching $2.6 billion. This growth was primarily driven by an increase in Marketplace Gross Order Value (GOV), which also saw a 20% Y/Y rise to $19.7 billion.

Total Orders

In Q2 2024, DoorDash Inc. set a new record for Total Orders, which increased by 19% Y/Y to 635 million. This growth was attributed to an increase in both the number of consumers and their average engagement on the platform. The company continues to execute well against its volume goals across all major business areas.

Net Revenue Margin

DoorDash Inc. achieved a Net Revenue Margin of 13.3% in Q2 2024, up from 13.0% in Q2 2023 and 13.1% in Q1 2024. The year-over-year increase in Net Revenue Margin was primarily driven by a growing contribution from advertising, which has become a more significant part of the company's revenue mix.

GAAP Net Loss

Despite the revenue growth, DoorDash Inc. reported a GAAP net loss of $158 million for Q2 2024. This was a slight improvement compared to the $172 million net loss in Q2 2023. The company continues to focus on improving its unit economics and operational efficiencies to drive profitability in the future.

Adjusted EBITDA

DoorDash Inc. saw a substantial increase in its Adjusted EBITDA, which rose to $430 million in Q2 2024 from $279 million in Q2 2023. This improvement reflects the company's efforts to enhance its operational efficiency and scale its business effectively, contributing to better overall financial performance.

Summarized from source with an LLMView Source

Key figures

79.8%1Y

-20.0%3Y

%5Y

Performance

38.0%1Y

60.6%3Y

61.8%5Y

Volatility