DoorDash Q4 revenue tops estimates, but Q1 profit guidance falls short
Investing.com -- DoorDash reported Tuesday fourth-quarter revenue that topped estimates amid surging orders during the holiday quarter, though earnings guidance for the current quarter was short of estimates.
DoorDash Inc (NASDAQ: DASH ) was up 6% in recent afterhours trading.
For the three months Dec. 31, the company reported earnings of $0.33 on revenue of $2.87 billion, compared with expectations for $0.33 on revenue of $2.84B.
Total (EPA: TTEF ) orders rose 19% to 685M in Q4 from the prior-year period, boosting gross order value, or GOV, 21% higher to $21.28B.
Looking ahead to Q1, the company forecast adjusted earnings before interest taxes, depreciation and amortization, or EBITDA, in a range of $550M to $600M, or $575M at the midpoint, missing estimate of $585M. Gross order value, or GOV, for Q1 was forecast at $22.8B at the midpoint, beating estimates of $22.4B.