DoorDash Posts Impressive Q4 Sales, Surpassing Expectations

Key Highlights:

* Revenue: $2.87 billion, exceeding analyst estimates ($2.84 billion) by 1.1%, reflecting a 24.8% YoY growth.
* EPS (GAAP): $0.33, in line with consensus estimates.
* Adjusted EBITDA: $566 million, above analyst projections ($562.4 million) by 0.6%, resulting in a 19.7% margin.
* Orders: 685 million, representing an 111 million YoY increase.
* Market Capitalization: $80.02 billion.

Company Overview:

DoorDash is an on-demand food delivery platform founded by Stanford students. It operates as part of the gig economy, enabling individuals to provide freelance labor services.

Sales Growth:

DoorDash's exceptional 29.9% annualized revenue growth over the past three years highlights the strong performance and customer acceptance of its platform.

Orders Request Growth:

The company's key metric, orders, has grown by 22.1% annually over the past two years, indicating the significant traction and demand for its services.

Average Revenue Per Request (ARPR):

While DoorDash's ARPR growth has been moderate at 4.7% over the last two years, the increase in orders remains more relevant for assessing the company's long-term potential.

Q4 Results Key Takeaways:

* Strong increase in orders.
* Beat in revenue estimates.
* Slight miss in EBITDA guidance for Q1 CY2025.
* Overall, a solid quarter with both strengths and areas for improvement.

Investment Decision:

To determine if DoorDash is a suitable investment, it is recommended to consider the company's valuation, business fundamentals, and latest earnings report. A comprehensive research report is available for further analysis.