Doordash Inc Stock Price, News & Analysis

Mattress Firm and DoorDash have announced an exclusive partnership to offer same-day delivery of sleep products from over 2,300 Mattress Firm locations across the US. This collaboration is timed for the college back-to-school season, allowing students and parents to easily purchase mattresses, bedding, and sleep accessories through DoorDash.

As part of this initiative, Mattress Firm is recruiting 10 student brand ambassadors to promote the importance of quality sleep on college campuses. These ambassadors will receive free bedroom makeovers, host product giveaways, and provide exclusive promotions to classmates. Students can apply for this role at MattressFirmCollegiateSleepSquad.com from August 20-26, 2024.

Mattress Firm products will be available on DoorDash.com and through DashPass, DoorDash's membership program offering reduced fees on eligible orders.

Mattress Firm and DoorDash (DASH) have announced a groundbreaking partnership to offer on-demand, 2-hour delivery of mattresses and bedding accessories from over 2,300 Mattress Firm locations across the U.S. This collaboration aims to revolutionize mattress shopping by combining Mattress Firm's extensive product range with DoorDash's logistics network. Key benefits include:

• Nationwide on-demand delivery
• Inclusion in DashPass membership program
• Access to top mattress brands
• Real-time delivery tracking

The partnership is particularly beneficial for college students preparing for the upcoming academic year, addressing the need for quick and convenient furnishing solutions during move-in periods.

DoorDash (DASH) has partnered with Warner Bros. Discovery's streaming service Max to offer Max With Ads as a new benefit for DashPass Annual Plan members in the U.S. at no additional cost. This partnership provides a $240 annual value for $96/year, making it the first streaming service included with DashPass. Members can also upgrade to a Max Ad-Free subscription for $10.99/month.

The collaboration aims to enhance value for DashPass members, combining streaming and delivery services. DashPass Annual Plan members can now enjoy Max's content, including HBO Originals, Warner Bros. films, and exclusive upcoming releases. Since 2018, DashPass members have saved over $10 billion globally, with an average saving of $5 on every eligible order.

DoorDash (NASDAQ: DASH) reported strong Q2 2024 financial results, setting new records for Total Orders, Marketplace GOV, and revenue. Total Orders increased 19% Y/Y to 635 million, while Marketplace GOV grew 20% Y/Y to $19.7 billion. Revenue rose 23% Y/Y to $2.6 billion, with Net Revenue Margin improving to 13.3%. The company's GAAP net loss narrowed to $158 million, compared to $172 million in Q2 2023. Adjusted EBITDA reached a record $430 million, up from $279 million in Q2 2023. DoorDash expanded its international presence, added new merchants, and improved consumer retention rates. The company's outlook for Q3 2024 projects Marketplace GOV between $19.4-$19.8 billion and Adjusted EBITDA of $470-$540 million.

Red Bull Basement, a global event empowering student innovators, is returning for 2024. The program invites U.S. students to submit innovative ideas, with the chance to develop them further at the World Final in Tokyo. Participants can leverage AI technology to create business plans, enhancing their project development.

The application window is open until October 27, 2024. The team with the best idea from the U.S. will be selected to represent the nation at the global event. At the World Final, expert judges will choose the overall winner for 2024, offering students a platform to bring their ideas to life and potentially shape the future.

Chase and DoorDash have expanded their partnership, offering new grocery benefits for Chase Sapphire and other consumer branded cards. The deal extends DashPass membership for eligible Chase cardmembers through 2027 and introduces recurring grocery and convenience benefits. Key features include:

- Sapphire Reserve cardmembers receive two $10 off promos monthly for grocery, convenience, or non-restaurant orders.
- Sapphire Preferred cardmembers get one $10 off promo monthly for similar orders.
- Freedom and Slate cardmembers receive one $10 off promo quarterly for such orders.
- DashPass membership extended or newly offered to various Chase cardholders.

This partnership aims to provide Chase customers with enhanced convenience and savings on DoorDash's platform, which includes over 150,000 grocery, convenience, and non-restaurant stores.

Meals on Wheels America has announced a national partnership with DoorDash (NYSE: DASH) to support delivery efforts across the country. Through DoorDash's Project DASH, local Meals on Wheels programs can access cost-effective, alternative delivery options when volunteers are unavailable. The partnership aims to address the challenges of volunteer recruitment and retention, which have reached a 30-year low.

Project DASH has already powered free pilots for over 30 local programs, making 250-500 deliveries this year. The collaboration helps reduce waiting lists, expands delivery routes, and cuts fleet maintenance expenses. Additionally, DoorDash is running a consumer campaign until August 25, 2024, where customers can use the promo code PROJECTDASH, resulting in a $3 donation to three national charities, including Meals on Wheels America.

Save A Lot, a major U.S. discount grocery chain, has partnered with DoorDash to offer same-day grocery delivery from over 400 stores. The collaboration aims to provide affordable and convenient access to fresh produce, quality products, and fresh-cut meat, with deliveries typically arriving in under an hour. Later this year, participating Save A Lot stores will support SNAP/EBT payment capabilities for on-demand delivery of eligible groceries.

To celebrate the partnership, new Save A Lot customers can enjoy 30% off orders of $50 or more (up to $20) at participating locations from July 26 to September 30, 2024, using the promo code SAL30. Additionally, participating Save A Lot stores will be available on DashPass, DoorDash's membership program offering $0 delivery fees and reduced service fees.

DoorDash (NASDAQ: DASH) will release its second quarter 2024 financial results on August 1, 2024, after market close. The earnings press release will be available on the DoorDash Investor Relations website. Additionally, the company will host a conference call at 2 p.m. PT / 5 p.m. ET to discuss these results. Interested parties can register and access the live webcast on the same website. A replay will also be available post-call. DoorDash maintains transparency by disseminating material information through multiple channels including SEC filings, press releases, public calls, and its investor relations website.