DoorDash Q3 Marketplace GOV $19.4B-$19.8B, Adj. EBITDA $470M-$540M; 2024 Stock-Based Compensation $1.1B-$1.2B, RSU Issuances 6M-7M, Depreciation And Amortization $560M-$590M
Portfolio Pulse from Benzinga Newsdesk
DoorDash has released its Q3 financial projections, estimating Marketplace GOV between $19.4B and $19.8B, and Adjusted EBITDA between $470M and $540M. For 2024, the company expects stock-based compensation of $1.1B to $1.2B, RSU issuances of 6M to 7M, and depreciation and amortization between $560M and $590M.
August 01, 2024 | 8:12 pm
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POSITIVE IMPACT
DoorDash's Q3 projections show strong Marketplace GOV and Adjusted EBITDA, but high stock-based compensation and RSU issuances for 2024 may concern investors.
The strong Q3 projections for Marketplace GOV and Adjusted EBITDA are positive indicators for DoorDash's short-term performance. However, the high stock-based compensation and RSU issuances for 2024 may raise concerns about future dilution and expenses, potentially tempering investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100