NASDAQ$DASH

DoorDash Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

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.

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.

Headline financials

Total Revenue

$1.7B

Previous: $1.28B+33.4%
EPS (adj)

-$0.77

Previous: -$0.30-156.7%
Total Orders

439.0M

Previous: 347.0M+26.5%
Marketplace GOV

$13.5B

Previous: $10.4B+30.1%
Capital Expenditures

-$131M

Previous: -$94M-39.4%
Free Cash Flow

-$426M

Previous: -$195M-118.5%
Net Income

-$295M

Previous: -$101M-192.1%
Operating Income

-$308M

Previous: -$100M-208.0%
Gross Profit

-$932M

Previous: -$616M-51.3%
Cash & Equivalents

$2.32B

Previous: $2.86B-18.9%
Total Assets

$9.55B

Previous: $6.36B+50.2%
Stock-Based Comp

$249M

Previous: $122M+104.1%

Revenue & EPS history

DoorDash · Revenue · Quarterly

$1.7B

Q3 2022+33.4%vs Q3 2021
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

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.

Tailwinds

  • 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.

Headwinds

  • 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

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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