DASH: DoorDash Stock Pops 6% on Strong Q4 Revenue, Upbeat Guidance

Largest food delivery service in the US picked up $2.87 billion in the fourth quarter. Investors had expected less than that.

🌟 DoorDash Shares Pop

• DoorDash stock DASH delivered a 6% pre-market increase to return-hungry investors after the company posted some juicy earnings figures. The food delivery service — the largest in the US — picked up revenue of $2.87 billion against Wall Street’s consensus calls for $2.84 billion.
• Fourth-quarter gross order value (your pizzas and burgers) reached $21.3 billion, far outpacing estimates of $20.9 billion.

🟡 Bright Guidance

• The outlook was even more impressive. DoorDash projects to lift the current-quarter gross order value to between $22.6 billion and $23 billion. In December, the company was serving a record number of customers — 42 million hungry mouths were waiting for their deliveries.
• “Entering 2025, we plan to continue to focus on creating incremental improvements in operational efficiency and reinvesting back into the business,” DoorDash said in its earnings statement.

🍽️ Increasing Appetite from Investors

• Investors have been showing an increasing appetite for DoorDash. Shares of the food delivery group are up 13% this year alone and more than 63% over the past twelve months to close Tuesday’s session at $193.09 a share. Still, that’s below the record high of $245 a share hit in November 2021.
• Even if DoorDash wasn’t profitable for the past quarter, it did go in the black for the quarter ending September. It was the first profit since 2020.