DoorDash, Inc. (NASDAQ:DASH) shares dropped in Wednesday’s extended trading after the company released its fourth-quarter earnings report, missing estimates on the top and bottom lines.
Here’s a look at the details in the report.
- DASH stock is moving. Watch the price action here.
The Details: DoorDash reported quarterly earnings of 48 cents per share, which missed the Street estimate of 60 cents.
Quarterly revenue came in at $3.96 billion, which missed the consensus estimate of $3.99 billion and was up from $2.87 billion in the same period last year.
DoorDash reported the following fourth-quarter highlights:
- Total Orders increased 32% year-over-year to 903 million.
- Marketplace GOV increased 39% year-over-year to $29.7 billion.
- Revenue increased 38% year-over-year to $4 billion.
- Adjusted EBITDA increased 38% year-over-year to $780 million.
Q1 Outlook
DoorDash expects the first quarter marketplace GOV in a range of $31 billion to $31.8 billion and adjusted EBITDA in a range of $675 million to $775 million.
DASH Stock Price: According to data from Benzinga Pro, DoorDash stock fell 7.14% to $161 in Wednesday’s extended trading.
Photo: Diego Thomazini / Shutterstock
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