DoorDash Reports Record Growth in Orders, Revenue, and User Engagement
The delivery giant's Q4 results reveal a 25% revenue surge, driven by holiday demand and expansion into new retail categories.
- DoorDash's Q4 revenue increased by 25% year-over-year to $2.87 billion, surpassing analysts' estimates of $2.84 billion.
- The company reported a net profit of $141 million, compared to a $154 million loss in the same quarter last year.
- Total orders rose 19% to 685 million, while monthly active users grew to an all-time high of 42 million.
- New verticals, including grocery, retail, and home improvement, contributed to growth, with 25% of users ordering from these categories by December 2024.
- DoorDash announced plans for a $5 billion share buyback in 2025, signaling confidence in its long-term growth strategy.