DoorDash, Inc. (DASH)

DoorDash (DASH; $75.90; E/W) reported Q3 sales of $2,164mm (+2% QoQ and +27% YoY), ahead of our $2,100mm and the Street’s $2,095mm, which was generated off of gross order value (GOV) of $16,751mm (+24% YoY)….

We assume DoorDash’s (DASH; $73.12; E/W) Q3 results, and outlook, at least live up to expectations next Wednesday (11/1 after market), even with more questions about consumer spending on its “core” restaurant delivery. We model…

This morning, DoorDash (DASH; $83.00; E/W) announced a series of new grocery and alcohol delivery partnerships, ironically just as Maplebear, doing business as Instacart, plans its IPO for tonight under the ticker CART. We note…

We raise our 2023E EBITDA for DoorDash (DASH; $85.98; E/W) for a fifth consecutive quarter, from $775mm to $950mm, while increasing 2024E EBITDA from $850mm to $1,100mm after some better than expected Q2 results and…

DoorDash (DASH; $85.98; E/W) reported Q2 sales of $2,133mm (+5% QoQ and +33% YoY), which was ahead of our $2,075mm and the Street’s $2,061mm. At the same time, adjusted EBITDA of $279mm (13.1% of sales)…

We assume DoorDash (DASH; $84.31; E/W) produces Q2 results and outlook on August 2nd (after market) that at least live up to expectations even with ongoing consumer spending risks tied to “core” restaurant delivery growth….

This morning, DoorDash (DASH; $74.76; E/W) announced a large set of updates to its marketplace app, which we think furthers its scale and technical advantages against many on-line delivery network peers, as per recent share…

DoorDash (DASH; $62.90; E/W) produced some better than expected Gross Order Value (GOV), sales and EBITDA in Q1 while raising 2023E targets across these metrics as it maintains healthy investment rates. Q1 GOV was $15.9B…

We stick with our Gross Order Value (GOV) and EBITDA forecasts for DoorDash (DASH; $58.42; E/W) ahead of Q1 results and outlook, scheduled for next Thursday (5/4 after market). We expect Q1E EBITDA to land…

Last Thursday (2/23), DoorDash (DASH; $55.09; E/W) announced a new partnership with ALDI to offer on-demand same-day grocery delivery from 2,100+ ALDI stores across 38 U.S. states, which we think has a number of ongoing…

DoorDash (DASH; $66.89; E/W) continues to steadily outperform Street expectations, as per its Q4 print and 2023E outlook, which targets further improvements in EBITDA and free cash flows (FCF), while maintaining what appears to be…

DoorDash (DASH; $66.89; E/W) reported Q4 sales of $1,818mm (+7% QoQ and +40% YoY), which was ahead of our $1,790mm and the Street’s $1,769mm on adjusted EBITDA of $117mm (vs. our $106mm and consensus of…

We stick with Gross Order Value (GOV) and EBITDA forecasts for DoorDash (DASH; $62.53; E/W) ahead of Q4 results and outlook, scheduled for next Thursday (2/16 after market), which seem more reasonable after going through…

Yesterday (1/4), DoorDash (DASH; $48.93; E/W) announced in a blog post that it is introducing Package Pickup, which offers consumers the ability to request a courier on DASH’s network (Dasher) to pick up prepaid packages…

Yesterday (11/30), DoorDash (DASH; $56.87; E/W) announced it is reducing global headcount by ~1,250 people or ~7% of total employees, which we think is weighted toward eliminating redundancies and management layers amongst more expensive jobs…