DoorDash, Inc. (DASH)
April 28, 2023
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…
February 27, 2023
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…
February 17, 2023
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…
February 16, 2023
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…
February 8, 2023
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…
January 5, 2023
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…
December 1, 2022
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…
November 4, 2022
DoorDash (DASH; $47.61; E/W) produced some better than expected Gross Order Value (GOV), revenues, and EBITDA in Q3, including robust local currency growth from recently acquired Wolt Enterprises in Europe, which continues to go against…
November 3, 2022
DoorDash (DASH; $47.61; E/W) reported Q3 sales of $1,701mm (+6% QoQ and +33% YoY), which was ahead of our $1,650mm and the Street’s $1,625mm on adjusted EBITDA of $87mm. Gross order value (GOV) was $13,534mm…
October 17, 2022
This morning, DoorDash (DASH; $45.89; E/W) announced it is expanding its advertising platform by launching a new set of “self-serve” ad solutions that build on an existing suite of marketing solutions for consumer-packaged goods (CPG)…
October 14, 2022
Yesterday, DoorDash (DASH; $45.91; E/W) announced a tie-up with CleanCloud, which is a point-of-sale (POS) software platform, in order to offer on-demand delivery and pickup services for laundromats and dry cleaners. This announcement is another…