DoorDash Q1 2022 Earnings Report
Key Takeaways
DoorDash's Q1 2022 earnings report highlights a 25% year-over-year growth in Marketplace GOV, reaching $12.4 billion, driven by a 23% increase in total orders to 404 million. The company focused on expanding its user base and order frequency, while strategically investing in new categories and international markets.
Marketplace GOV grew by 25% year-over-year to $12.4 billion.
Total orders increased by 23% year-over-year, reaching 404 million.
The company added more new consumers than any quarter since Q1 2021, driving MAUs and DashPass memberships to new highs.
Revenue increased 35% year-over-year to $1.5 billion.
DoorDash
DoorDash
Forward Guidance
DoorDash anticipates continued growth in MAU and average order frequency, as well as ongoing investment in new categories, international markets, and Platform Services. The company expects to generate Q2 Marketplace GOV between $12.1 billion and $12.5 billion, with Q2 Adjusted EBITDA between $0 and $100 million. They expect 2022 Marketplace GOV between $49.0 billion and $51.0 billion and 2022 Adjusted EBITDA between $0 and $500 million.
Positive Outlook
- Continued growth in MAU
- Increased average order frequency
- Ongoing investment in new categories
- Expansion in international markets
- Development of Platform Services
Challenges Ahead
- Impact of inflation on pricing and demand
- Impact of rising interest rates on consumer spending
- Impact of labor shortages on fulfillment
- Impact of gas prices and vehicle costs on Dasher attraction
- Uncertainties associated with the COVID-19 pandemic