DoorDash Q1 revenue $1.5B (+35% YoY); raises 2022 GOV guidance to $49-51B

DoorDash, Inc.

2022-Q1 EPS reported -$0.48 revenue$1,456,000,000

Revenue $1.456B (+35% YoY), Total Orders 404M (+23%), Marketplace GOV $12.4B (+25%).
GAAP net loss $167M (vs -$110M); adjusted EBITDA $54M (vs $43M). Contribution Profit $319M (+53%).
Raises 2022 GOV guidance to $49-51B (from $48-50B); Q2 GOV $12.1-12.5B, Adj EBITDA $0-100M.
Cash $4.2B, no debt; expects Wolt deal to close in Q2.
Largest quarter for new consumer acquisition since Q1 2021; MAUs and DashPass at all-time highs.

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