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Q3 2024 Earnings — Results of Operations, Reg FD Disclosure
Filed October 30, 2024
First-ever GAAP net income as a public company at $162 million in Q3 2024, swinging from a $73 million loss a year ago, while Adjusted EBITDA surged 55% Y/Y to $533 million. Revenue grew 25% Y/Y to $2.7 billion on 643 million orders, with improving margins across every profitability metric — signaling DoorDash is successfully converting its market-leading scale into durable earnings power.
Filing Items
Item 2.02 — Results of Operations
The company is reporting its quarterly or annual financial results. This is the filing that accompanies an earnings call.
Item 7.01 — Reg FD Disclosure
Information shared at an investor day, conference, or guidance update. Regulation FD requires companies to disclose material information to all investors simultaneously.
Item 9.01 — Financial Statements
Financial statements and exhibits are attached to this filing. Usually accompanies other items rather than standing alone.
Extracted Milestones (2)
Non-Restaurant Verticals Grow Contribution Across All Mature DoorDash Consumer Cohorts
In Q3 2024, every mature DoorDash consumer cohort showed growing contributions from non-restaurant categories (grocery, convenience, retail), evidencing continued expansion of the grocery and new verticals product surface.
DoorDash Commerce Platform Expands to Hundreds of Thousands of Merchants Including Tens of Thousands on Online Ordering
DoorDash's Commerce Platform (including Drive On-Demand, Online Ordering, Phone Ordering, Tableside Order & Pay, and Customer Support Solutions) has attracted hundreds of thousands of merchants, with tens of thousands specifically adopting the Online Ordering product.