DoorDash (DASH) Misses Q2 EPS by 29c, Revenue Beats
DoorDash (NASDAQ: DASH) reported Q2 EPS of ($0.38), $0.29 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $2.63 billion versus the consensus estimate of $2.54 billion.
Financial Outlook:
Period
Marketplace GOV
Adj. EBITDA
Q3
$19.4 billion - $19.8 billion
$470 million - $540 million
Based on our current outlook and assuming a stock price in line with recent trading levels, we expect:
- 2024 stock-based compensation to be in a range of $1.1 billion to $1.2 billion,
- 2024 RSU issuances of 6.0 million to 7.0 million, net of expected forfeitures, and
- 2024 depreciation and amortization expense of approximately $560 million to $590 million.
Our outlook assumes that key foreign currency rates remain relatively stable at current levels. Our outlook also anticipates significant levels of ongoing investment in new categories and international markets. We caution investors that consumer spending in any of our geographies could deteriorate relative to our outlook, which could drive results below our expectations. Additionally, our increasing international exposure heightens risks associated with operating in foreign markets, including geopolitical and currency risks. Changes in the international operating environment could negatively impact results versus our current outlook.
For earnings history and earnings-related data on DoorDash (DASH) click here.