Doordash's 2024 earnings report highlights significant growth and profitability, driven by strong revenue increases and improved operational efficiency:
- Revenue Growth: Doordash achieved a 25% year-over-year increase in revenue for Q4 2024, reaching $2.9 billion, surpassing the estimated $2.84 billion12. This growth was fueled by a 21% rise in Marketplace Gross Order Value (GOV) to $21.3 billion and a 19% increase in total orders to 685 million12.
- Earnings Performance: The company reported an EPS of $0.33 for Q4 2024, which matched the analyst estimate and represented a substantial improvement from a loss of $0.39 per share in the same quarter of the previous year12. This reflects a notable turnaround in profitability.
- Net Income and Adjusted EBITDA: Doordash recorded a GAAP net income of $141 million in Q4 2024, a significant improvement from a net loss in the same quarter of the previous year12. Additionally, the company reached an all-time high of $566 million in Adjusted EBITDA, up from $363 million in Q4 2023, indicating enhanced operational efficiency12.
- Free Cash Flow: The company generated $420 million in Q4 2024, contributing to a total of $1.8 billion for the year, showcasing strong cash generation capabilities12.
- Market Expansion and User Engagement: DoorDash attributed its success to improved operational efficiency, expanded product offerings, and increased user engagement. The company reported over 42 million monthly active users and a record high in order frequency34.
Overall, Doordash's 2024 earnings report demonstrates robust growth across key financial metrics and operational indicators, underscoring the company's strategic initiatives and market positioning.
3/28/2025 10:31am
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