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Dec 31, 2021
DoorDash Q4 2021 Earnings Report
DoorDash's Q4 2021 earnings report highlighted record Total Orders and Marketplace GOV, with revenue growth driven by increased order frequency and MAU growth.
Key Takeaways
DoorDash's Q4 2021 results showed strong growth in Total Orders and Marketplace GOV, with revenue increasing by 34% year-over-year. The company achieved record monthly active users (MAUs) and saw growth in non-restaurant orders. However, the adjusted EBITDA decreased compared to the previous year due to investments in international markets and new verticals.
Established new quarterly records for Total Orders and Marketplace GOV.
Achieved record monthly active users (MAUs) of over 25 million, up 22% year-over-year.
Grew the percentage of MAUs ordering from a non-restaurant merchant to 14% in December 2021.
Increased DashPass members to more than 10 million.
Forward Guidance
DoorDash expects Q1 Marketplace GOV to be in a range of $11.4 billion to $11.8 billion, with Q1 Adjusted EBITDA in a range of $0 million to $50 million. The company expects 2022 Marketplace GOV to be in a range of $48 billion to $50 billion, with 2022 Adjusted EBITDA in a range of $0 million to $500 million.
Positive Outlook
- Continued growth in our U.S. restaurant Marketplace.
- Ongoing investment in new categories.
- Ongoing investment in international markets.
- Ongoing investment in Platform Services.
- pending close of the Wolt acquisition to add to this, bringing extraordinary talent and world-class operations that will expand our ability to enhance local commerce on a global scale.
Challenges Ahead
- the ongoing COVID pandemic.
- the impact of labor shortages
- inflation.
- other macroeconomic factors.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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