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Dec 31, 2024
DoorDash Q4 2024 Earnings Report
Key Takeaways
DoorDash reported strong Q4 2024 results, with revenue increasing 25% YoY to $2.87 billion. GAAP net income improved significantly to $141 million, compared to a loss of $154 million in Q4 2023. Total Orders grew 19% YoY to 685 million, and Marketplace GOV rose 21% YoY to $21.3 billion. Adjusted EBITDA reached an all-time high of $566 million.
Forward Guidance
DoorDash expects continued revenue growth in 2025, with Marketplace GOV projected between $22.6B - $23.0B in Q1 2025. Adjusted EBITDA is expected to range from $550M to $600M. The company plans to invest in new categories and international markets while maintaining operational efficiency.
Positive Outlook
- Projected Marketplace GOV growth in Q1 2025.
- Expected increase in Adjusted EBITDA margin.
- Continued investment in international expansion.
- Strong consumer engagement with growing order frequency.
- Expanding merchant partnerships and product offerings.
Challenges Ahead
- Potential macroeconomic headwinds affecting consumer spending.
- Increased international exposure brings currency and geopolitical risks.
- Higher expected stock-based compensation expense of $1.1B - $1.2B in 2025.
- Ongoing regulatory and legal risks in various markets.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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