Doordash, Inc. ( (DASH) ) has released its Q4 earnings. Here is a breakdown of the information Doordash, Inc. presented to its investors.
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DoorDash, Inc. is a leading on-demand delivery service company operating in the technology and transportation sectors, known for connecting customers with local businesses to facilitate food and retail delivery.
DoorDash reported a significant increase in both revenue and profitability for the full year and fourth quarter of 2024, marking its first full year of positive GAAP net income. The company highlighted robust growth in revenue and orders, alongside strategic investments in new products and services.
Key financial metrics for the fourth quarter of 2024 include a 25% year-over-year revenue growth to $2.9 billion and a 19% increase in total orders, reaching 685 million. The company also achieved a GAAP net income of $141 million, a substantial turnaround from a loss in the previous year. Adjusted EBITDA reached $566 million, showcasing operational efficiency and strategic growth.
DoorDash attributes its success to improved operational efficiency, expanded product offerings, and increased user engagement, with monthly active users surpassing 42 million. The company’s focus on local economies and new verticals drove substantial growth in both U.S. and international markets.
Looking ahead, DoorDash plans to continue its strategic investments to expand its market presence and enhance profitability. The company remains optimistic about its potential to capitalize on local commerce opportunities and further scale its operations in 2025.
