8-K filed February 16, 2023, 6:59 PM ET ticker DASH CIK 0001792789

earnings confidence high sentiment neutral materiality 0.80

DoorDash Q4 GOV $14.4B, net loss $642M; COO/CFO changes; $750M buyback

DoorDash, Inc.

2022-FY EPS reported -$3.68 revenue$6,583,000,000

Q4 Marketplace GOV $14.4B (+29% YoY), revenue $1.818B (+40% YoY), Adj. EBITDA $117M (vs $47M YoY).
GAAP net loss (incl. redeemable non-controlling interests) $642M including $312M impairment and $84M restructuring charges.
Q1 guidance: GOV $15.1B-$15.5B, Adj. EBITDA $120M-$170M; FY23 GOV $60B-$63B, Adj. EBITDA to increase.
COO/President C. Payne retiring March 1; CFO P. Adarkar becomes COO/President; R. Inukonda becomes CFO.
Board authorized $750M share repurchase; expects net dilution ~2% in 2023.

item 2.02 item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Christopher Payne

Chief Operating Officer and President

DASH · DoorDash, Inc.

Effective: 2023-03-01
Successor: Prabir Adarkar
Filed: February 16, 2023, 6:59 PM ET

On February 13, 2023, Christopher Payne informed DoorDash of his intention to resign as Chief Operating Officer and President of DoorDash, effective March 1, 2023.

Role change

Prabir Adarkar

Chief Operating Officer and President

DASH · DoorDash, Inc.

Effective: 2023-03-01
Filed: February 16, 2023, 6:59 PM ET

Prabir Adarkar, the Company’s Chief Financial Officer, has been appointed to serve as the Company’s Chief Operating Officer and President, effective March 1, 2023.

Appointed

Ravi Inukonda

Chief Financial Officer

DASH · DoorDash, Inc.

Effective: 2023-03-01
Filed: February 16, 2023, 6:59 PM ET

Ravi Inukonda, the Company’s Vice President of Finance and Strategy, has been appointed to serve as the Company’s Chief Financial Officer, effective March 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DoorDash, Inc. reported fourth quarter ended December 31, 2022 results: revenue 1818, net income -642.

Period: fourth quarter ended December 31, 2022
Revenue: 1818
Net income: -642
Result: reported results

Exact text from the filing

% 23 % 23 % 27 % 27 % Marketplace GOV $ 11,159 $ 12,353 $ 13,081 $ 13,534 $ 14,446 Marketplace GOV Y/Y growth 36 % 25 % 25 % 30 % 29 % Revenue $ 1,300 $ 1,456 $ 1,608 $ 1,701 $ 1,818 Revenue Y/Y growth 34 % 35 % 30 % 33 % 40 % Net Revenue Margin 11.6 % 11.8 % 12.3 % 12.6 % 12.6 % GAAP Gross Profit $ 637 $ 662 $ 686 $ 714 $ 762 GAAP Gross Profit as a % of

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DoorDash, Inc. reported full year 2022 results: net income -1400.

Period: full year 2022
Net income: -1400
Result: reported results

Exact text from the filing

2022 GAAP net loss including redeemable non-controlling interests was $1.4 billion

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher Payne resigned as Chief Operating Officer and President at DoorDash, Inc..

Action: resigned
Role: Chief Operating Officer and President

Exact text from the filing

On February 13, 2023, Christopher Payne informed DoorDash of his intention to resign as Chief Operating Officer and President of DoorDash, effective March 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Prabir Adarkar was appointed as Chief Operating Officer and President at DoorDash, Inc..

Action: appointed
Role: Chief Operating Officer and President

Exact text from the filing

Prabir Adarkar, the Company’s Chief Financial Officer, has been appointed to serve as the Company’s Chief Operating Officer and President, effective March 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ravi Inukonda was appointed as Chief Financial Officer at DoorDash, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Ravi Inukonda, the Company’s Vice President of Finance and Strategy, has been appointed to serve as the Company’s Chief Financial Officer, effective March 1, 2023.

View on SEC.gov

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DoorDash, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-003889

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