The company said Marketplace GOV rose to $66.8 billion in 2023, up 25% from 2022, and that Total Orders reached 2.2 billion, an increase of 24%. It also cited the full-year inclusion of Wolt as a factor behind the growth.

10-KAnnual reportFiled Feb 20, 2024Period of report Dec 31, 2023Summary published (UTC) Oct 24, 2026

Key points

AI summary

The company said Marketplace GOV rose to $66.8 billion in 2023, up 25% from 2022, and that Total Orders reached 2.2 billion, an increase of 24%. It also cited the full-year inclusion of Wolt as a factor behind the growth.
DoorDash said revenue for 2023 increased $2.1 billion, or 31%, from 2022, and that Net Revenue Margin rose from 12.3% in 2022 to 12.9% in 2023. The company attributed this to improved logistics efficiency and quality and a growing contribution from advertising revenue.
The company reported Contribution Profit of $2.5 billion for 2023 (2022: $1.6 billion), Adjusted EBITDA of $1.2 billion (2022: $361 million), and Free Cash Flow of $1.3 billion (2022: $21 million). Contribution Profit and Adjusted EBITDA are non-GAAP measures.
The company said net cash provided by operating activities was $1.7 billion in 2023, which it said reflects a net loss of $565 million adjusted for non-cash items and other factors. In the same year, it used $750 million for repurchases of Class A common stock under financing activities.

Key figures

Fiscal year ended December 31, 2023

Revenue: $8.6B
Operating income: −$579M
Net income: −$558M
EPS: −$1.42
Operating cash flow: $1.7B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Marketplace GOV and Total Orders Growth

The company said Marketplace GOV rose to $66.8 billion in 2023, up 25% from 2022, and that Total Orders reached 2.2 billion, an increase of 24%. It also cited the full-year inclusion of Wolt as a factor behind the growth.

Source · Based on the MD&A text of the filing

Revenue Growth and Net Revenue Margin

DoorDash said revenue for 2023 increased $2.1 billion, or 31%, from 2022, and that Net Revenue Margin rose from 12.3% in 2022 to 12.9% in 2023. The company attributed this to improved logistics efficiency and quality and a growing contribution from advertising revenue.

Source · Based on the MD&A text of the filing

Contribution Profit, Adjusted EBITDA and Free Cash Flow

The company reported Contribution Profit of $2.5 billion for 2023 (2022: $1.6 billion), Adjusted EBITDA of $1.2 billion (2022: $361 million), and Free Cash Flow of $1.3 billion (2022: $21 million). Contribution Profit and Adjusted EBITDA are non-GAAP measures.

Source · Based on the MD&A text of the filing

Operating Cash Flow and Share Repurchases

The company said net cash provided by operating activities was $1.7 billion in 2023, which it said reflects a net loss of $565 million adjusted for non-cash items and other factors. In the same year, it used $750 million for repurchases of Class A common stock under financing activities.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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