DoorDash said Total Orders for Q1 2024 rose 21% year over year to 620 million, Marketplace GOV rose 21% to $19.2 billion, and revenue rose 23% to $2.5 billion.

1. 01

   DoorDash said Total Orders for Q1 2024 rose 21% year over year to 620 million, Marketplace GOV rose 21% to $19.2 billion, and revenue rose 23% to $2.5 billion.

2. 02

   The company said GAAP net loss including redeemable non-controlling interests narrowed to $25 million in Q1 2024 from $162 million in Q1 2023, and Adjusted EBITDA rose to $371 million from $204 million in Q1 2023.

3. 03

   The company said it generated net cash provided by operating activities of $553 million in Q1 2024 and Free Cash Flow of $487 million, up from $397 million and $316 million, respectively, in Q1 2023.

4. 04

   The company said it expects Marketplace GOV for Q2 of $19.0 billion to $19.4 billion and Adj. EBITDA of $325 million to $425 million. The outlook assumes key foreign currency rates remain relatively stable at current levels.

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Original filing

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