DoorDash announced its financial results for the second quarter of 2025, highlighting record metrics in Total Orders, Marketplace Gross Order Value (GOV), Revenue, and GAAP net income. Total Orders reached 761 million, a 20% increase year-over-year, while Marketplace GOV rose 23% to $24.2 billion. Revenue also saw a substantial increase of 25% year-over-year, totaling $3.3 billion. The company's GAAP net income improved to $285 million from a loss of $157 million in the same quarter last year, and Adjusted EBITDA grew 52% to $655 million.
The company reported a Net Revenue Margin of 13.5%, up from 13.3% a year earlier, attributed to enhanced logistics efficiency and increased advertising revenue. DoorDash emphasized its commitment to operational excellence and innovation, leading to higher consumer engagement and expanded merchant partnerships. Additionally, the board authorized a stock repurchase program of up to $5 billion, although no shares have been repurchased to date. Cash flow metrics indicated net cash provided by operating activities of $504 million and Free Cash Flow of $355 million, reflecting some challenges in working capital management.
linkAug 06, 2025 16:09:31
The company has announced an opportunistic capital raise aimed at enhancing its strategic flexibility. The proceeds from this capital raise will be partially allocated to purchase a hedge overlay, which is intended to mitigate potential share dilution by up to a 150% premium to the stock price at the time of issuance.
This move may impact investors as it indicates the company's approach to managing its equity structure and protecting shareholder interests during this capital raise. The hedge overlay suggests a proactive strategy to address potential dilution concerns associated with the capital raise.
linkJun 02, 2025 06:15:40
DoorDash, Inc. announced its financial results for the first quarter of 2025, achieving record figures for Total Orders, Marketplace Gross Order Value (GOV), revenue, and GAAP net income. Total Orders rose 18% year-over-year to 732 million, while Marketplace GOV increased by 20% to $23.1 billion. Revenue grew by 21% to $3.0 billion, and GAAP net income attributable to common stockholders was $193 million, a significant improvement from a loss of $23 million in Q1 2024. Adjusted EBITDA also saw a rise to $590 million, reflecting a 59% increase from the previous year.
In addition to its financial performance, DoorDash announced agreements to acquire SevenRooms Inc. for approximately $1.2 billion and to acquire Deliveroo plc for £2.9 billion. These acquisitions are expected to enhance DoorDash's service offerings and support its growth in local commerce. The company anticipates that the acquisition of Deliveroo will close in Q4 2025, pending regulatory approvals, while the SevenRooms acquisition is expected to finalize in the second half of 2025.
linkMay 06, 2025 07:24:47
DoorDash has announced a recommended offer to acquire Deliveroo, a company incorporated in England, through a scheme of arrangement under English law. This method does not require a shareholder vote, and the transaction will adhere to UK disclosure requirements, which differ from US regulations. Investors should note that the acquisition's implementation may be affected by legal and regulatory requirements in various jurisdictions, particularly for those not residing in the UK.
The press release emphasizes that any distribution of this announcement outside the UK is subject to local laws and regulations, which may restrict the acquisition's availability to certain individuals. If the acquisition proceeds as a Takeover Offer and extends into the US, DoorDash will comply with US securities laws at that time. Additionally, DoorDash and its affiliates may engage in purchases of Deliveroo shares outside the Takeover Offer during the acceptance period, in compliance with applicable law.
linkMay 06, 2025 07:23:53
DoorDash, Inc. announced its financial results for Q4 and the full year 2024, reporting a 25% year-over-year increase in revenue, reaching $2.9 billion. The company achieved its first full year of positive GAAP net income, totaling $141 million, and generated $566 million in Adjusted EBITDA, marking an all-time high. Additionally, total orders rose by 19% year-over-year to 685 million, and the Marketplace Gross Order Value (GOV) increased by 21% to $21.3 billion. This growth was attributed to improved operational efficiency and increased consumer engagement, with monthly active users hitting over 42 million in December 2024, up from 37 million the previous year.
However, DoorDash faced challenges as GAAP costs of revenue rose by 18% year-over-year, reaching $1.5 billion, primarily due to the increased number of total orders. Sales and marketing expenses also grew by 18% year-over-year to $541 million, driven by higher advertising costs. While the company saw a slight decrease in the percentage of GAAP sales and marketing expenses relative to Marketplace GOV, the overall increase in costs may impact future profitability. The company noted ongoing risks associated with international operations and consumer spending that could affect future results.
linkFeb 11, 2025 16:06:57
In its Q3 2024 financial results, DoorDash reported a significant increase in key metrics, including a 25% year-over-year rise in revenue to $2.7 billion and a net income of $162 million, marking its first positive GAAP net income since going public. Total Orders also grew by 18% year-over-year, reaching 643 million, while Marketplace Gross Order Value (GOV) increased by 19% to $20 billion. The company attributed these successes to improved delivery quality and consumer engagement, alongside a focus on enhancing services for local merchants and consumers alike.
Despite these positive results, DoorDash operates in a highly competitive environment and faces ongoing challenges. The company noted that it must continuously meet rising consumer expectations and maintain value for its merchant partners. Additionally, while costs associated with revenue increased due to higher order volumes, the company managed to keep its net revenue margin steady. Future risks include potential declines in consumer spending and the complexities associated with expanding into international markets.
linkOct 30, 2024 16:06:28
DoorDash achieved record highs in total orders, revenue, and marketplace gross order value for Q2 2024, with revenue rising 23% year-over-year to $2.6 billion. The company reduced net loss to $158 million from $172 million last year, while adjusted earnings before interest, taxes, depreciation, and amortization surged to $430 million. Positive trends included increased merchant partnerships and improved customer engagement, although challenges remain in profitability.
linkAug 01, 2024 16:06:42
The company has disclosed a new financial obligation, incorporating previous information. The report includes required signatures as per SEC regulations.
linkMay 01, 2024 16:11:02
DoorDash achieved record Total Orders, Marketplace GOV, and revenue in Q1 2024, while reducing net loss compared to the previous year. The company focused on operational efficiency, expanding local commerce, and improving consumer experience. Total Orders and Marketplace GOV increased by 21% year-over-year. Revenue rose by 23% to $2.5 billion, with a net revenue margin of 13.1%. Adjusted EBITDA grew to $371 million. DoorDash's efforts in logistics quality, selection expansion, and affordability enhancements contributed to its positive performance.
linkMay 01, 2024 16:07:10
Jeff Blackburn, an experienced Amazon executive, joins DoorDash's board of directors, bringing expertise in scaling businesses and leading teams. DoorDash aims to empower merchants, consumers, and Dashers globally. Greg Peters will not seek re-election. DoorDash, a tech company connecting consumers with local businesses in 30+ countries, focuses on innovation and community access.
linkApr 19, 2024 16:16:38