We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
DoorDash (DASH - Free Report) reported first-quarter 2025 earnings of 44 cents per share against the year-ago quarter’s loss of 6 cents per share. The figure beat the Zacks Consensus Estimate by 10%.
Revenues increased 20.7% year over year to $3.03 billion but lagged the consensus mark by 1.96%. The net revenue margin was 13.1% flat year over year, but down 10 basis points (bps) sequentially.
DASH’s Q1 Details
In the first quarter of 2025, total orders increased 18% year over year to 732 million. The figure beat the Zacks Consensus Estimate by 0.58%. Total orders were driven by growth in consumers and average consumer engagement.
Marketplace GOV increased 20% year over year to $23.1 billion. The figure beat the consensus mark by 0.89%.
The adjusted gross profit was $1.57 billion, up 28.6% year over year. The adjusted gross margin expanded 320 bps on a year-over-year basis to 51.9%.
The contribution margin was 33.6% compared with 29.9% reported in the year-ago quarter.
Adjusted sales & marketing expenses rose 17.1% year over year to $554 million. Adjusted research & development expenses increased 15% year over year to $184 million. Adjusted general & administrative expenses increased 11.8% year over year to $246 million.
Adjusted EBITDA was $590 million, up 59% year over year. Adjusted EBITDA margin expanded 470 bps to 19.5%.
DASH’s Balance Sheet and Cash Flow
As of March 31, 2025, DoorDash had $6.02 billion in cash and cash equivalents and short-term marketable securities.
Cash flow from operations was $635 million in the first quarter compared with the previous quarter’s $518 million. Free cash flow was $494 million, lower than the previous quarter’s figure of $420 million.
DASH to Expand Through Acquisitions
DoorDash announced plans to acquire Deliveroo for 180 pence per share, equating to an equity value of £2.9 billion and an enterprise value of £2.4 billion. The company expects the acquisition of Deliveroo to close during the fourth quarter of 2025.
DoorDash reached an agreement to acquire SevenRooms for approximately $1.2 billion in an all-cash transaction. The company expects the SevenRooms acquisition to close in the second half of 2025. DASH’s Q2 Guidance
For the second quarter of 2025, DoorDash anticipates Marketplace GOV to be in the range of $23.3-$23.7 billion. Net revenue margin is expected to increase on both a year-over-year and a sequential basis.
Adjusted EBITDA is expected to be in the range of $600-$650 million. DoorDash expects adjusted EBITDA as a percentage of Marketplace GOV to increase from second-quarter 2025 to third-quarter 2025.
The Zacks Consensus Estimate for second-quarter revenues is pegged at $3.17 billion, indicating 20.42% growth over the year-ago quarter’s reported figure. The consensus mark for earnings is pegged at 41 cents per share against the year-ago quarter’s loss of 38 cents per share. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
For 2025, DoorDash expects stock-based compensation expense between $1.1 billion and $1.2 billion. Depreciation and amortization expense is expected to be roughly between $600 million and $640 million.
Chegg and Baidu are set to report their first-quarter 2025 results on May 12 and May 21, respectively. Marvell Technology is set to report its first-quarter fiscal 2026 results on May 29.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
DoorDash's Q1 Earnings Beat Estimates, Revenues Increase Y/Y
DoorDash (DASH - Free Report) reported first-quarter 2025 earnings of 44 cents per share against the year-ago quarter’s loss of 6 cents per share. The figure beat the Zacks Consensus Estimate by 10%.
Revenues increased 20.7% year over year to $3.03 billion but lagged the consensus mark by 1.96%. The net revenue margin was 13.1% flat year over year, but down 10 basis points (bps) sequentially.
DASH’s Q1 Details
In the first quarter of 2025, total orders increased 18% year over year to 732 million. The figure beat the Zacks Consensus Estimate by 0.58%. Total orders were driven by growth in consumers and average consumer engagement.
DoorDash, Inc. Price, Consensus and EPS Surprise
DoorDash, Inc. price-consensus-eps-surprise-chart | DoorDash, Inc. Quote
Marketplace GOV increased 20% year over year to $23.1 billion. The figure beat the consensus mark by 0.89%.
The adjusted gross profit was $1.57 billion, up 28.6% year over year. The adjusted gross margin expanded 320 bps on a year-over-year basis to 51.9%.
The contribution margin was 33.6% compared with 29.9% reported in the year-ago quarter.
Adjusted sales & marketing expenses rose 17.1% year over year to $554 million. Adjusted research & development expenses increased 15% year over year to $184 million. Adjusted general & administrative expenses increased 11.8% year over year to $246 million.
Adjusted EBITDA was $590 million, up 59% year over year. Adjusted EBITDA margin expanded 470 bps to 19.5%.
DASH’s Balance Sheet and Cash Flow
As of March 31, 2025, DoorDash had $6.02 billion in cash and cash equivalents and short-term marketable securities.
Cash flow from operations was $635 million in the first quarter compared with the previous quarter’s $518 million. Free cash flow was $494 million, lower than the previous quarter’s figure of $420 million.
DASH to Expand Through Acquisitions
DoorDash announced plans to acquire Deliveroo for 180 pence per share, equating to an equity value of £2.9 billion and an enterprise value of £2.4 billion. The company expects the acquisition of Deliveroo to close during the fourth quarter of 2025.
DoorDash reached an agreement to acquire SevenRooms for approximately $1.2 billion in an all-cash transaction. The company expects the SevenRooms acquisition to close in the second half of 2025.
DASH’s Q2 Guidance
For the second quarter of 2025, DoorDash anticipates Marketplace GOV to be in the range of $23.3-$23.7 billion. Net revenue margin is expected to increase on both a year-over-year and a sequential basis.
Adjusted EBITDA is expected to be in the range of $600-$650 million. DoorDash expects adjusted EBITDA as a percentage of Marketplace GOV to increase from second-quarter 2025 to third-quarter 2025.
The Zacks Consensus Estimate for second-quarter revenues is pegged at $3.17 billion, indicating 20.42% growth over the year-ago quarter’s reported figure. The consensus mark for earnings is pegged at 41 cents per share against the year-ago quarter’s loss of 38 cents per share. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
For 2025, DoorDash expects stock-based compensation expense between $1.1 billion and $1.2 billion. Depreciation and amortization expense is expected to be roughly between $600 million and $640 million.
Zacks Rank & Stocks to Consider
DoorDash currently has a Zacks Rank #3 (Hold).
Chegg (CHGG - Free Report) , Baidu (BIDU - Free Report) , and Marvell Technology (MRVL - Free Report) are some better-ranked stocks in the broader Zacks Computer & Technology sector. Each of the three stocks carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Chegg and Baidu are set to report their first-quarter 2025 results on May 12 and May 21, respectively. Marvell Technology is set to report its first-quarter fiscal 2026 results on May 29.