Doordash Stock Suffers Post-Earnings Plunge


(MENAFN- Baystreet) Shares of Etsy Down Due to GMS Decline

  • Block's financial Results Beat On The Top And Bottom Lines
  • Sony Reportedly Submit $26B Offer for Paramount
  • Peloton Flat on Layoffs, CEO Departure
  • eBay's Stock Falls On Disappointing Guidance Previous Articles Subscribe to Get Small Cap News & Alerts Ambrose O'Callaghan - Friday, May 3, 2024

    DoorDash Stock Suffers Post-Earnings Plunge DoorDash (NASDAQ:DASH) is a San Fransisco-based company that operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and around the world. Shares of DoorDash have dropped 7.3% month-over-month as of close on Wednesday, May 1, 2024. What is behind the stock's recent volatility? Is it worth buying on the dip? Let's jump in.
    This company released its first quarter (Q1) fiscal 2024 earnings on the same day - Wednesday, May 1. To kick off the earnings report, DoorDash boasted that Total Orders, marketplace GOV, and revenue reached record levels while the company also managed to improve its net loss. The value of Total Orders reached $620 million in Q1 2024 – up from $512 million in the prior year.
    DoorDash reported total revenue of $2.51 billion, which was up from $2.03 billion in Q1 fiscal 2023. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It aims to provide a more accurate measure of a company's profitability. In Q1 2024, DoorDash reported adjusted EBITDA of $371 million – up from $204 million in Q1 fiscal 2023.
    Looking ahead to the second quarter of fiscal 2024, DoorDash is now projecting Marketplace GOV between $19.0 billion and $19.4 billion and adjusted EBITDA between $325 million and $425 million. DoorDash stock is trading in favourable value territory compared to its industry peers at the time of this writing. It also boasts an immaculate balance sheet.




    • About Us
    • Contact Us
    • Advertise
    • License Our Content
    • Jobs
    • Disclaimer
    • Privacy Policy

    Copyright 1998 - 2024 Baystreet Media Corp. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes. Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Market Data is provided by QuoteMedia. Earnings by Zacks. Analyst Ratings by Zacks

    MENAFN03052024000212011056ID1108170818


  • Baystreet.ca

    Legal Disclaimer:
    MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.