DoorDash Q4 Earnings Highlights: Revenue Up 34%, 25M MAUs, Stock Surges

DoorDash Inc DASH reported fourth quarter and full fiscal year earnings after market close Wednesday. Here are the key highlights for investors.

What Happened: DoorDash reported fourth-quarter revenue of $1.3 billion, up 34% year-over-year. The total beat the consensus estimate of $1.28 billion, according to Benzinga Pro. DoorDash reported quarterly losses of 45 cents per share, which missed the consensus estimate of a 27-cent loss. 

Total orders for the company hit 369 million, up 35% year-over-year. DoorDash hit a record for total orders and marketplace gross order volume in the fourth quarter.

Monthly active users hit a record 25 million, up 22% year-over-year. DashPass, the company’s subscription service, hit 10 million members in the quarter.

Related Link: Why 6 DoorDash Analysts Are Raising Price Targets After Q2 Earnings 

What’s Next: DoorDash said the percentage of monthly active users who placed a non-restaurant order increased to 14% in December 2021. The company sees this being a key to growth with many non-restaurant vertical partners ones that are visited frequently by consumers.

“We were pleased with the consistent execution in our core restaurant business in 2021 and with our progress on expanding the scope of our business in new categories, new services and new geographies,” the company said.

DoorDash provided guidance for first-quarter marketplace gross order volume to come in the range of $11.4 billion to $11.8 billion. The company sees full fiscal 2022 gross order volume hitting a range of $48 billion to $50 billion.

The guidance includes continued growth of the U.S. restaurant sector, investment in new categories and international growth. The guidance does not include any impact from the Wolt transaction, which is expected to close in the first half of 2022.

DASH Price Action: DoorDash shares are up 23% to $116.52 in after-hours trading.

Posted In: Food Deliverymerchant deliveryEarningsNewsGuidanceAfter-Hours CenterMoversTrading Ideas

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.