NASDAQ$DASH
DoorDash Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
DoorDash demonstrated strong performance, driven by growth in total orders and marketplace GOV, as well as improved operating efficiency and expense management.
DoorDash's Q1 2023 results showed a 27% increase in Total Orders to 512 million and a 29% increase in Marketplace GOV to $15.9 billion. Revenue increased by 40% to $2.0 billion. The company reported a GAAP net loss of $162 million, and Adjusted EBITDA increased to $204 million.
- Total Orders increased 27% year-over-year to 512 million.
- Marketplace GOV increased 29% year-over-year to $15.9 billion.
- Revenue increased 40% year-over-year to $2.0 billion with Net Revenue Margin increasing to 12.8%.
- Adjusted EBITDA increased to $204 million from $54 million in Q1 2022.
Headline financials
Revenue & EPS history
DoorDash · Revenue · Quarterly
$2.04B
Forward guidance
DoorDash anticipates Marketplace GOV between $15.9 billion and $16.2 billion and Adjusted EBITDA between $180 million and $230 million for Q2. For the full year 2023, DoorDash expects Marketplace GOV between $63.0 billion and $64.5 billion and Adjusted EBITDA between $600 million and $900 million.
Tailwinds
- Key foreign currency rates remain relatively stable at current levels.
- Significant levels of ongoing investment in new categories.
- Significant levels of ongoing investment in international markets.
- Stock repurchase is an attractive use of capital.
- Net dilution in 2023 to be around 1%, prior to any additional potential stock repurchases.
Headwinds
- Consumer spending in any of our geographies could deteriorate relative to our outlook, which could drive results below our expectations.
- Increasing international exposure heightens risks associated with operating in foreign markets, including geopolitical and currency risks.
- Changes in the international operating environment could negatively impact results versus our current outlook.
- Uncertainty regarding reconciling items such as stock-based compensation.
- Uncertainty regarding reconciling items such as taxes.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+1.3%
Avg return
Earnings day
+1.3%
Avg return
5 days after
-0.0%
Avg return
30 days after
56%
14 / 25 earnings
Positive
+24.9%
Q1 2021
Best reaction
-17.4%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.4% | -5.8% | -5.6% | |
| Q4 2025 | -0.6% | -5.2% | -9.7% | |
| Q3 2025 | -17.4% | -15.7% | -5.5% | |
| Q2 2025 | +5.0% | +2.4% | -4.4% | |
| Q1 2025 | -7.5% | -10.7% | +5.1% | |
| Q4 2024 | +4.0% | +10.5% | -5.0% | |
| Q3 2024 | +1.0% | +1.3% | +16.3% | |
| Q2 2024 | +5.9% | +10.8% | +16.2% | |
| Q1 2024 | -11.6% | -9.0% | -14.8% | |
| Q4 2023 | -3.3% | -3.8% | +8.8% | |
| Q3 2023 | +17.1% | +18.8% | +28.9% | |
| Q2 2023 | -1.3% | -2.6% | -2.9% | |
| Q1 2023 | +0.9% | +7.9% | +8.9% | |
| Q4 2022 | -9.3% | -14.8% | -12.5% | |
| Q3 2022 | +14.3% | +20.9% | +22.3% | |
| Q2 2022 | +1.0% | -8.1% | -26.8% | |
| Q1 2022 | -11.7% | -16.1% | -16.7% | |
| Q4 2021 | +3.2% | -5.5% | +5.4% | |
| Q3 2020 | +18.4% | +26.4% | -17.7% | |
| Q3 2021 | +10.9% | +27.3% | -14.6% | |
| Q2 2020 | -0.3% | +1.8% | +11.8% | |
| Q2 2021 | +2.2% | -2.5% | +10.4% | |
| Q1 2021 | +24.9% | +22.6% | +36.4% | |
| Q4 2019 | -11.1% | -9.5% | -11.2% | |
| Q4 2020 | -3.9% | -8.9% | -24.0% |
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