earnings
confidence high
sentiment neutral
materiality 0.70
DoorDash Q3 2022: Revenue +33% YoY to $1.7B, Adj EBITDA $87M beats guidance; Q4 GOV outlook $13.9-14.2B
DoorDash, Inc.
2022-Q3 EPS reported
-$1.98
revenue$4,765,000,000
- Total orders 439M (+27% YoY); Marketplace GOV $13.5B (+30% YoY).
- GAAP net loss $(296)M vs. $(101)M a year ago; Adjusted EBITDA $87M ($86M Q3 2021) exceeded outlook.
- Completed $400M stock buyback; repurchased 5.6M shares Class A at ~$71.84.
- Q4 2022 outlook: Marketplace GOV $13.9-14.2B, Adj EBITDA $85-120M; expects continued investment in new categories and international.
- U.S. restaurant marketplace contribution profit ~$595M in Q3; company expects growth in total Adj EBITDA in 2023.