Loading...
Market
Will DoorDash's subscriber base increase by 10% due to Lyft partnership by Q1 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
DoorDash's official subscriber count reported in Q1 2025 earnings
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
Significant increase in subscribers • 25%
Moderate increase in subscribers • 25%
No significant change in subscribers • 25%
Decrease in subscribers • 25%
Less than 10% • 25%
10% to 19.9% • 25%
20% to 29.9% • 25%
30% or more • 25%
Increases significantly • 25%
Remains stable • 25%
Decreases slightly • 25%
Decreases significantly • 25%
Increase by more than 5% • 25%
Increase by less than 5% • 25%
No significant change • 25%
Decrease • 25%
Outperforms Lyft • 25%
Outperforms DoorDash • 25%
Outperforms both Lyft and DoorDash • 25%
Underperforms both Lyft and DoorDash • 25%