DoorDash (DASH) Reports Q1 Loss, Beats Revenue Estimates
DASHDoorDash(DASH) Zacks Investment Research·2024-05-03 00:01

DoorDash (DASH) reported a GAAP loss of 6 cents per share in first-quarter 2024, narrower than the year-ago quarter’s loss of 41 cents. The figure beat the Zacks Consensus Estimate by 14.29%. Revenues increased 23.5% year over year to $2.51 billion and surpassed the consensus mark by 2.37%. The upside was driven by strong performance in total orders and Marketplace GOV, alongside enhanced logistics efficiency and an increasing contribution from advertising. DoorDash’s success in the first quarter was furthe ...