Doordash Inc Stock Price, News & Analysis

DoorDash (DASH) reported strong Q4 and full-year 2024 financial results, marking its first full year of positive GAAP net income. The company achieved 24% year-over-year revenue growth and helped generate nearly $60 billion in sales for local merchants across 30+ countries.

Q4 2024 highlights include: Total Orders up 19% Y/Y to 685 million, Marketplace GOV increased 21% Y/Y to $21.3 billion, and revenue grew 25% Y/Y to $2.9 billion. The company reported Q4 GAAP net income of $141 million, compared to a loss of $154 million in Q4 2023.

Monthly active users reached an all-time high of over 42 million in December 2024, with DashPass and Wolt+ members exceeding 22 million. The company's board authorized a new $5.0 billion share repurchase program. For Q1 2025, DoorDash expects Marketplace GOV between $22.6-23.0 billion and Adjusted EBITDA of $550-600 million.

DoorDash (NASDAQ: DASH) announced a new partnership with The Home Depot (NYSE: HD), making the world's largest home improvement retailer's products available for on-demand delivery through the DoorDash platform. The partnership enables delivery of home improvement essentials to both doorsteps and work sites in as little as one hour.

Through this collaboration, customers can purchase Home Depot products directly through the DoorDash app, offering enhanced convenience for both DIY enthusiasts and professional contractors. The service complements Home Depot's existing same-day and next-day delivery options.

This partnership is part of DoorDash's broader expansion into non-restaurant retail, with the platform now featuring over 115,000 non-restaurant stores in North America and offering nearly 2 million products across categories including Apparel, Home Improvement, and Arts and Crafts as of June 2024.

DoorDash (NASDAQ: DASH) has scheduled the release of its fourth quarter and full year 2024 financial results for Tuesday, February 11, 2025, after U.S. market close. The company will host a conference call to discuss results and guidance at 2 p.m. PT / 5 p.m. ET on the same day.

The earnings press release will be available on DoorDash's Investor Relations website. Interested parties can access the live webcast through the same platform, where a replay will also be made available after the call.

Ibotta (NYSE: IBTA) and DoorDash (NASDAQ: DASH) have announced a multi-year strategic partnership to integrate Ibotta's digital promotions into DoorDash's platform. The collaboration will give DoorDash customers access to Ibotta's digital promotions catalog across various categories including grocery, health and beauty, home improvement, and alcohol.

Through the Ibotta Performance Network (IPN), CPG brands will be able to reach consumers across DoorDash's network of over 115,000 non-restaurant stores in North America. The partnership aims to help brands maximize incremental returns using pay-per-sale efficiency and AI-driven optimization while delivering digital promotions at scale.

The implementation of Ibotta-provided offers is scheduled to go live on DoorDash's Marketplace later this year.

Walmart Canada and DoorDash Canada (NASDAQ: DASH) have launched a nationwide collaboration to provide on-demand delivery of groceries and general merchandise from over 300 Walmart Supercentres across 10 provinces. This partnership aims to offer Canadians affordable and convenient shopping options through DoorDash’s app and website. Customers can access tens of thousands of items, including private label brands like Great Value and Equate. Orders are fulfilled by nearby Dashers, and items can be added until shopping begins. The service is available on DashPass, offering $0 delivery fees on eligible orders.

DoorDash and InComm Payments have partnered to launch an in-app gift card shopping experience, allowing consumers to browse, purchase, and order delivery of gift cards from hundreds of merchants within the DoorDash app. The service launches November 29, featuring Black Friday promotions with -time discounts. DashMart, DoorDash's fulfillment platform, will enable physical gift card deliveries through Dashers. DashPass members will receive a 10% discount on select digital gift card orders, while non-members will get 5% off starting December 6.

DoorDash announces new features for the holiday season, including a redesigned shopping experience that allows users to search for items across merchants with prices and delivery times in one view. The platform introduces grocery list importing from iOS Reminders, recipe integration with Bon Appétit, and enhanced multi-store ordering through DoubleDash.

New gifting features include physical and digital gift cards from hundreds of merchants with 5-10% discounts from 11/29 to 12/20. The company also launches a discounted DashPass plan for SNAP/EBT recipients at $4.99/month. Special holiday promotions include $20 off retail orders of $60+ from 11/29 to 12/5, plus additional deals running from 12/6 to 12/24.

DoorDash Canada launches its seasonal HoliDifferently campaign, offering 30-40% savings during themed weekly promotions from November to January. A recent survey reveals that 30% of Canadians plan to introduce new holiday traditions this year. The campaign features five distinct seasonal periods: Overeager Celebrators (11/11-11/28), 12 Days of Deals (11/29-12/10), Holiday Baking Frenzy (12/11-12/19), Holiday Hermits (12/20-12/29), and New Year Resolution Amnesia (12/30-1/6). Notable findings show that 40% of Canadians might skip holiday functions to stay home, while 40% of survey respondents plan to bake 2-4 desserts this season. DoorDash partnered with Montreal illustrator Gabrielle Laïla Tittley for special holiday cards, with proceeds benefiting Big Brothers Big Sisters of Canada.

DoorDash (NASDAQ: DASH) announced that Chief Financial Officer Ravi Inukonda will participate in a fireside chat at the Nasdaq 51st London Investor Conference. The event is scheduled for Tuesday, December 10th, 2024, at 1:30 pm GMT. Interested parties can access an audio webcast of the discussion through the investor relations section of DoorDash's website at ir.doordash.com.