Investors Cheer DoorDash Q3 Performance, GOV Growth: Details
Portfolio Pulse from Ryan Gustafson
DoorDash, Inc. (NASDAQ:DASH) reported better-than-expected Q3 sales results, with earnings of losses of 19 cents per share, beating estimates of losses of 40 cents. Revenue was $2.164 billion, beating estimates of $2.092 billion. Total Orders and Marketplace GOV increased 24% year-over-year. Adjusted EBITDA increased to $344 million from $87 million last year. Shares of DASH were up 6.85% in the after-hours session.
November 01, 2023 | 9:05 pm
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POSITIVE IMPACT
DoorDash reported better-than-expected Q3 results, with increased revenue, orders, and GOV. The company's shares rose 6.85% in after-hours trading.
DoorDash's better-than-expected Q3 results and the increase in its Total Orders and Marketplace GOV indicate a strong performance. This positive news led to a rise in the company's stock price in after-hours trading, suggesting a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100