In Q1 2024, DoorDash reported 23.5% YoY revenue growth to $2.51B, improved net loss, and 21% increase in total orders.
DoorDash Inc (NASDAQ:DASH) reported robust revenue growth of 23.5% YoY to $2.51B in Q1 2024, surpassing the estimated $2.45B revenue. The company achieved an improved net loss of $25M compared to $162M in Q1 2023. Total orders increased by 21% YoY to 620M, and Marketplace Gross Order Value (GOV) grew 21% YoY to $19.2B. DoorDash's revenue margin improved slightly to 13.1% from 12.8% in Q1 2023. The company plans to leverage its strengths and opportunities while mitigating risks in future strategies.
May 01, 2024
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