NASDAQ$DASH
DoorDash Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
DoorDash's Q4 2023 financial results were released, showcasing growth in total orders, marketplace GOV, and revenue, alongside a reduced net loss and increased Adjusted EBITDA.
DoorDash reported a 23% year-over-year increase in total orders, reaching 574 million, and a 22% increase in Marketplace GOV, totaling $17.6 billion. Revenue grew by 27% year-over-year to $2.3 billion. The company's GAAP net loss was reduced to $156 million, and Adjusted EBITDA increased to $363 million.
- Total Orders increased 23% Y/Y to 574 million.
- Marketplace GOV increased 22% Y/Y to $17.6 billion.
- Revenue increased 27% Y/Y to $2.3 billion.
- GAAP net loss was $156 million, an improvement from $642 million in Q4 2022.
Headline financials
Revenue & EPS history
DoorDash · Revenue · Quarterly
$2.3B
Forward guidance
DoorDash anticipates Marketplace GOV to be in the range of $18.5 billion to $18.9 billion and Adjusted EBITDA to be between $320 million and $380 million for Q1 2024. For the full year 2024, Marketplace GOV is expected to be $74.0 billion to $78.0 billion, with Adjusted EBITDA between $1.5 billion and $1.9 billion.
Tailwinds
- Adjusted EBITDA as a percentage of Marketplace GOV to be similar in Q1 and Q2.
- Adjusted EBITDA as a percentage of Marketplace GOV to increase from Q2 to Q3, primarily due to increases in Net Revenue Margin and leverage on sales and marketing expenses.
- 2024 stock-based compensation to be in a range of $1.1 billion to $1.2 billion.
- 2024 RSU issuances of 8.5 million to 9.5 million, net of expected forfeitures.
- 2024 depreciation and amortization expense of approximately $560 million to $590 million.
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 taxes and other items.
- 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 Q4 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% |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro