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Sep 30, 2022
DoorDash Q3 2022 Earnings Report
DoorDash's financial performance in Q3 2022 showed growth in total orders, Marketplace GOV, and revenue, driven by both DoorDash's organic growth and the addition of Wolt.
Key Takeaways
DoorDash's Q3 2022 results demonstrated strong growth with a 30% increase in Marketplace GOV to $13.5 billion and a 33% increase in revenue to $1.7 billion. The company exceeded its Adjusted EBITDA outlook, while continuing to invest in new categories and international markets.
Total orders increased by 27% year-over-year to 439 million.
Marketplace GOV grew by 30% year-over-year to $13.5 billion.
Revenue increased by 33% year-over-year to $1.7 billion.
GAAP net loss including redeemable non-controlling interests was $296 million.
Forward Guidance
DoorDash anticipates Q4 Marketplace GOV to be in the range of $13.9 billion to $14.2 billion, with Adjusted EBITDA expected to be between $85 million and $120 million.
Positive Outlook
- Consumer spending environment is expected to be consistent with recent months.
- Significant levels of ongoing investment in new categories.
- Significant levels of ongoing investment in international markets.
- Key foreign currency rates remain stable at current levels.
Challenges Ahead
- Consumer spending could deteriorate faster or to a greater degree than anticipated.
- Increased international exposure heightens risks associated with operating in foreign markets.
- Geopolitical risks.
- Currency risks.
- Changes in the international operating environment could negatively impact results.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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