NASDAQ$DASH
DoorDash Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
DoorDash's financial performance reflected strong growth and improved unit economics, driven by years of investment and product-level focus.
DoorDash reported record Total Orders, Marketplace GOV, and revenue, with revenue growth exceeding Marketplace GOV growth for the tenth consecutive quarter. The company's Q2 2024 financial performance reflects strong growth and improved unit economics.
- Total Orders increased 19% Y/Y to 635 million.
- Marketplace GOV increased 20% Y/Y to $19.7 billion.
- Revenue increased 23% Y/Y to $2.6 billion, with Net Revenue Margin increasing to 13.3%.
- Adjusted EBITDA increased to $430 million from $279 million in Q2 2023.
Headline financials
Revenue & EPS history
DoorDash · Revenue · Quarterly
$2.63B
Forward guidance
DoorDash anticipates Marketplace GOV between $19.4 billion and $19.8 billion and Adjusted EBITDA between $470 million and $540 million for Q3.
Tailwinds
- Stock-based compensation to be in a range of $1.1 billion to $1.2 billion for 2024.
- RSU issuances of 6.0 million to 7.0 million, net of expected forfeitures for 2024.
- Depreciation and amortization expense of approximately $560 million to $590 million for 2024.
- Key foreign currency rates remain relatively stable at current levels.
- Significant levels of ongoing investment in new categories and international markets.
Headwinds
- Consumer spending in any of our geographies could deteriorate relative to our outlook.
- 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 legal, tax, and regulatory expenses.
- Material changes to reconciling items could have a significant effect on future GAAP results.
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 Q2 2024
+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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