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DoorDash Shares Up 8% Following Q1 Results and Raised Outlook

Published 05/05/2022, 12:52 PM
Updated 05/05/2022, 04:53 PM
© Reuters DoorDash Shares Up 8% Following Q1 Results and Raised Outlook

DoorDash (DASH) shares rose around 8% after-hours following the company’s Q1 results, with revenue of $1.46 billion (up 35% year-over-year) coming in better than the consensus estimate of $1.37 billion, while EPS of ($0.48) missing the consensus estimate of ($0.41).

Total Orders increased 23% year-over-year to $404 million, and Marketplace GOV increased 25% year-over-year to $12.4 billion, with over $8.7 billion generated in sales for merchants and over $3.2 billion in earnings for Dashers.

The company expects Q2 Marketplace GOV in the range of $12.1-$12.5 billion, and adjusted EBITDA in the range of $0-$100 million.

For the full 2022-year, the company expects Marketplace GOV in the range of $49.0-$51.0 billion (vs. $48.0-$50.0 billion prior) and adjusted EBITDA in the range of $0-$500 million.

The company expects the Wolt transaction to close in Q2.

By Davit Kirakosyan

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