DoorDash Q4 Earnings: Revenue Beat, EPS Miss, Total Orders Up 23% And More
Portfolio Pulse from Adam Eckert
DoorDash Inc (NASDAQ:DASH) reported Q4 earnings with a 27% increase in revenue to $2.3 billion, surpassing estimates but missed EPS expectations with a loss of 39 cents per share. Total orders rose 23% to 574 million. The company announced aggressive investments in local commerce, generating significant sales for merchants and earnings for Dashers. DoorDash expects Q1 marketplace GOV between $18.5 billion and $18.9 billion, with adjusted EBITDA of $320 million to $380 million. Additionally, a share repurchase program of up to $1.1 billion was approved. Post-earnings, DASH shares dropped 8.77% after hours.
February 15, 2024 | 9:48 pm
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NEGATIVE IMPACT
DoorDash reported higher than expected Q4 revenue but missed EPS estimates, with significant growth in orders and aggressive investments in local commerce. The company forecasts strong Q1 marketplace GOV and adjusted EBITDA, and announced a $1.1 billion share repurchase program.
Despite beating revenue estimates, the miss on EPS and the subsequent after-hours stock price drop indicate a negative short-term impact. The aggressive investments and share repurchase program may bolster long-term confidence, but the immediate reaction is likely driven by the earnings miss and the cautious outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100