澳洲幸运5官方开奖结果体彩网

DoorDash Stock Rises as Booming Holiday Orders Boost Revenue

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澳洲幸运5官方开奖结果体彩网:Bill McColl
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澳洲幸运5官方开奖结果体彩网:Full Bio

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Published February 12, 2025
10:06 AM EST
DoorDash logo is seen displayed on a smartphone screen

Thomas Fuller / SOPA Images / LightRoc♕ket via Getty Images

Key Takeaways

  • DoorDash orders jumped during the holiday season, sending its revenue soaring.
  • Sales were up 25% year-over-year during the fourth quarter as orders increased 19%. Both beat Visible Alpha forecasts.
  • The food delivery service's outlook for current-quarter Marketplace Gross Order Value also exceeded estimates.

DoorDash (DASH) shares rose Wednesday, a day after the food delivery service posted strong sales and guidance as customers flocked to its platform during the holiday season.

The company reported fourth-quarter revenue jumped 25% year-over-year to $2.87 billion, beating the $2.84 billion estimate by analysts sur🐬veyed by Visible Alpha.

Total orders were up 19% to 685 million, 11 million more than expected. Adjusted EBITDA soared 56% to $56൲6 million, also better than anticipated.

For the current quarter, DoorDash sees Marketpl♌ace Gross ꦡOrder Value (GOV), which measures the total value of all app orders and subscription fees, of $22.6 billion to $23.0 billion. The Visible Alpha prediction was for $22.4 billion.

Following the report, JPMorgan boosted its price target to $205 from $155, and Deutsche Bank raised it to $246 from $224.

Shares of DoorDash rose 2.5% to their highest level since November 2021.

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  1. DoorDash. "."

  2. JP Morgan. "JPM ANMUTH - DoorDash: Investing Into Large, Long-Term Opportunity from Position of Strength; Maintain Neutral Increasing PT to $205."

  3. Deutsche Bank. "Deutsche Bank: Morning Research."

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