DoorDash (DASH) revenue in the third quarter was 4.62 billion USD (34.0% y/y), and net income increased by 91.0% y/y to the level of 466.00 million USD.

Quarterly results#

Gross margin reached 50.1% (1.1 pp y/y), while earnings per share (GAAP) was 1.06 USD (92.7% y/y), with earnings per share (non-GAAP, adjusted) at the level of 1.07 USD (87.7% y/y).

Company guidance#

The company expects free cash flows in the range of 700.00 million USD – 800.00 million USD.

Management commentary#

Management emphasized that the core business is performing very well, and growth is driven by increasing users and subscriptions. According to management, combining both platforms is intended to accelerate growth and increase profit, with part of the profit to be reinvested into a better product. Management also indicated that building a common technology platform is intended to facilitate and accelerate future integrations of acquired companies. According to management, the approach to share buybacks remains unchanged and the company intends to buy them occasionally when it yields a good return.