Marketplace GOV (Gross Order Value) for DASH rose by +25% YoY to $12.35 billion in the first quarter of this year, and this exceeded the market's expectations of $11.71 billion (source: S&P Capital IQ) in Marketplace GOV by +5%. DASH's non-GAAP adjusted EBITDA increased by +26% YoY from $43 million in Q1 2021 to $54 million in Q2 2022, which was +35% better than the market's consensus EBITDA projection of $40 million as per S&P Capital IQ. DASH Stock Key Metricsīefore providing a preview of DoorDash's expected financial performance for the rest of 2022, it is worthwhile to evaluate the key metrics revealed as part of the company's most recent Q1 2022 financial results.ĭASH's key financial and operating metrics for the first quarter of 2022 beat market expectations.ĭoorDash's top line expanded by +35% YoY to $1.46 billion in the most recent quarter, and this turned out to be +5% higher than the sell-side's consensus revenue estimate of $1.38 billion. This translates into a Neutral view and a Hold rating for DASH's stock. Strong (albeit slower) revenue growth and lackluster profitability (as indicated by EBITDA margins) are what investors should expect of DoorDash's financial performance for the rest of 2022. I turn my attention to DoorDash's outlook for the remainder of this year in this article. ![]() I discussed DASH's valuations in my prior article for the stock published on December 7, 2021. I retain my Hold rating for DoorDash, Inc.'s ( NASDAQ: DASH) shares.
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