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DoorDash (DASH) managed a revenue beat and shared outlook that signaled bulls to buy. That company's rally didn't match Upstart's (UPST) 30% gain after it shared strong optimism on the quarter and its outlook.
The food-delivery company's shares got a price target upgrade.
DoorDash (DASH) is trading higher following a strong earnings report. Jenny Horne dives into the report, including DoorDash's cautious approach to autonomous food delivery.
Shares of DoorDash extended their rally after reporting incredible Q4 results. Revenue jumped 25% y/y, while bookings growth of 21% y/y accelerated two points q/q while also beating UberEats' growth rate. The company also made tremendous progress with first-timer orders in the non-restaurant verticals (grocery, convenience, and retail) in FY24.
DoorDash is seeing a growing share of consumers order from not only its initial offering — restaurants — but also its new verticals that include a growing variety of retailers. “Consumers are continuing to utilize new verticals,” DoorDash Chief Financial Officer Ravi Inukonda said Tuesday (Feb. 11) during the company's quarterly earnings call.
Tuesday, February 11, 2025 Market indexes were mixed today, after seeing all the majors in the red before the opening bell. The Dow closed up +123 points, +0.28%, while the S&P 500 squeaked by +2 points.
DoorDash, Inc. (NASDAQ:DASH ) Q4 2024 Earnings Conference Call February 11, 2025 5:00 PM ET Company Participants Wes Twigg - Investor Relations Tony Xu - Co-Founder, Chair and Chief Executive Officer Ravi Inukonda - Chief Financial Officer Conference Call Participants Ross Sandler - Barclays Shweta Khajuria - Wolfe Research Deepak Mathivanan - Cantor Fitzgerald Michael Morton - Moffett Nathanson Bernie McTernan - Needham & Company Nikhil Devnani - Bernstein Eric Sheridan - Goldman Sachs Jason Helfstein - Oppenheimer Ken Gawrelski - Wells Fargo Youssef Squali - Truist Securities Brian Nowak - Morgan Stanley Operator Thank you for standing by. My name is Christina, and I will be your conference operator today.
DoorDash, Inc. (DASH) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to loss of $0.39 per share a year ago.
Ravi Inukonda, DoorDash CFO, joins 'Closing Bell Overtime' to talk DoorDash earnings.
DoorDash (DASH 0.24%), a leading food delivery and logistics company, released its fourth-quarter earnings on Feb. 11. The company reported strong revenue growth to $2.87 billion, about 1% higher than analysts' estimates of $2.84 billion.