DoorDash said Total Orders in Q1 2024 rose to 620 million, up 21% from the same quarter a year earlier. Marketplace GOV increased to $19.2 billion, up 21%. The company said Net Revenue Margin was 13.1%, compared with 12.8% in the same quarter a year earlier.

10-QQuarterly reportFiled May 1, 2024Period of report Mar 31, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

DoorDash said Total Orders in Q1 2024 rose to 620 million, up 21% from the same quarter a year earlier. Marketplace GOV increased to $19.2 billion, up 21%. The company said Net Revenue Margin was 13.1%, compared with 12.8% in the same quarter a year earlier.
The company said revenue for Q1 2024 rose $478 million, or 23%, from the same quarter a year earlier. It cited the 21% increase in Marketplace GOV as the main driver, and the growth in advertising revenue contribution as the reason revenue grew faster than Marketplace GOV.
DoorDash said Contribution Profit rose to $751 million in Q1 2024 from $533 million in the same quarter a year earlier, and Adjusted EBITDA rose to $371 million from $204 million. Both are non-GAAP measures.
The company said net cash provided by operating activities was $553 million in Q1 2024, and cash, cash equivalents and marketable securities were $5.1 billion as of March 31, 2024. In February 2024, it also disclosed the approval of a share repurchase program for up to $1.1 billion of Class A common stock.

Key figures

Quarter ended March 31, 2024

Revenue: $2.5B
Operating income: −$61M
Net income: −$23M
EPS: −$0.06
Operating cash flow: $553M

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.

Q1 2024 Total Orders 620 million, Marketplace GOV $19.2 billion

DoorDash said Total Orders in Q1 2024 rose to 620 million, up 21% from the same quarter a year earlier. Marketplace GOV increased to $19.2 billion, up 21%. The company said Net Revenue Margin was 13.1%, compared with 12.8% in the same quarter a year earlier.

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

Revenue Up $478 million (23%) in Q1, Company Cites Drivers

The company said revenue for Q1 2024 rose $478 million, or 23%, from the same quarter a year earlier. It cited the 21% increase in Marketplace GOV as the main driver, and the growth in advertising revenue contribution as the reason revenue grew faster than Marketplace GOV.

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

Contribution Profit $751 million, Adjusted EBITDA $371 million

DoorDash said Contribution Profit rose to $751 million in Q1 2024 from $533 million in the same quarter a year earlier, and Adjusted EBITDA rose to $371 million from $204 million. Both are non-GAAP measures.

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

Q1 2024 Operating Cash Flow $553 million; Buyback Program Approved for $1.1 billion

The company said net cash provided by operating activities was $553 million in Q1 2024, and cash, cash equivalents and marketable securities were $5.1 billion as of March 31, 2024. In February 2024, it also disclosed the approval of a share repurchase program for up to $1.1 billion of Class A common stock.

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

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