Loading...
Market
Will DoorDash's adjusted EBITDA exceed Wall Street estimates for Q4 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
DoorDash's official Q4 2024 earnings report
Story
DoorDash Reports $162 Million Q3 Profit, Partners with Lyft
Oct 30, 2024, 08:13 PM
DoorDash has reported its first quarterly profit since its IPO, with a net income of $162 million for Q3 2024, surpassing Wall Street estimates. The company achieved a revenue of $2.7 billion, a 25% increase year-over-year, and a gross profit of $1.3 billion. Total orders grew by 18% to 643 million as the app expanded its non-restaurant offerings. The earnings per share (EPS) stood at $0.38. Additionally, DoorDash has announced a new partnership with Lyft to offer ride discounts to its subscribers, aiming to deepen customer loyalty. This partnership is part of a broader strategy as rideshare and delivery apps seek to enhance their services through collaborations. DoorDash also forecasts a strong fourth quarter, betting on increased demand for online delivery, and expects its adjusted EBITDA to exceed estimates.
View original story
Similar markets
Less than 12% • 25%
12% to 12.9% • 25%
13% to 13.9% • 25%
14% or more • 25%
Less than 650 million • 25%
650 million to 670 million • 25%
670 million to 690 million • 25%
More than 690 million • 25%
Less than 10% • 25%
10% to 19.9% • 25%
20% to 29.9% • 25%
30% or more • 25%
Less than 20% • 25%
20% to 25% • 25%
25% to 30% • 25%
More than 30% • 25%
Less than $20 billion • 25%
$20 billion to $21.9 billion • 25%
$22 billion to $23.9 billion • 25%
$24 billion or more • 25%
