The earnings call reflects a positive sentiment overall, driven by strong international expansion, growth in the grocery segment, and successful partnerships. Despite some challenges with regulatory costs and price parity in grocery delivery, DoorDash is well-positioned for continued growth.

Company Guidance

During the DoorDash Q3 2024 earnings call, the company provided guidance indicating a positive trajectory in various key metrics. The executives highlighted a 19% growth in Gross Order Value (GOV) for the quarter, driven by strong performance in both core restaurant and expanding grocery segments. The international business was reported to be gross profit positive, with substantial market share gains. Additionally, advertising revenue and leverage from DashPass costs contributed significantly to financial results, with the company achieving over 18 million DashPass subscribers, marking an all-time high. The executives also discussed ongoing improvements in cohort retention and order frequency, reflecting a strategic focus on product enhancements and customer engagement. DoorDash remains optimistic about its growth prospects, emphasizing the importance of product development and strategic partnerships to capture more of the local commerce market.

International Market Expansion Success

International markets are showing similar top and bottom-line progress as the U.S. market. DoorDash has gained market share in virtually every international market it operates in.

Strong Grocery Segment Growth

The grocery delivery segment continues to grow, with DoorDash being the first choice for new customers in this market. Customers who start with grocery orders tend to increase their order size and frequency over time.

Record DashPass Membership

DashPass membership reached an all-time high with over 18 million members, showing strong growth and engagement across various markets.

Successful Partnership Strategy

New partnerships, including one with Wegmans and Lyft, are expected to drive further engagement and membership growth.

Advertising Revenue Growth

Advertising continues to be a growth driver, contributing significantly to revenue outpacing GOV growth. The ads business is seeing high returns on ad spend for both restaurant and retail partners.

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DoorDash (DE:DD2) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DE:DD2 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 25, 2021	2020 (Q4)	- / -2.56	-0.405	-532.70% (-2.16)	―	―
May 13, 2021	2021 (Q1)	-0.08 / -0.33	-0.39	16.26% (+0.06)	―	―
Aug 12, 2021	2021 (Q2)	-0.06 / -0.29	0.502	-157.36% (-0.79)	―	―
Nov 09, 2021	2021 (Q3)	-0.10 / -0.29	0.288	-200.00% (-0.58)	―	―
Feb 16, 2022	2021 (Q4)	-0.22 / -0.43	-2.562	83.15% (+2.13)	―	―
May 05, 2022	2022 (Q1)	-0.20 / -0.46	-0.326	-41.18% (-0.13)	―	―
Aug 04, 2022	2022 (Q2)	-0.35 / -0.69	-0.288	-140.00% (-0.40)	―	―
Nov 03, 2022	2022 (Q3)	-0.58 / -0.74	-0.288	-156.67% (-0.45)	―
Feb 16, 2023	2022 (Q4)	-0.65 / -1.58	-0.432	-266.67% (-1.15)	―
May 04, 2023	2023 (Q1)	-0.55 / -0.39	-0.461	14.58% (+0.07)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:DD2 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 30, 2024	€140.62	€141.22	+0.43%
Aug 01, 2024	€99.34	€106.72	+7.43%
Feb 15, 2024	€117.00	€106.00	-9.40%
Nov 01, 2023	€76.50	€72.00	-5.88%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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