DoorDash Q1 2024 revenue rises 23% to $2.5 billion; net loss narrows to $25 million
DoorDash reported first-quarter 2024 results on May 1, 2024, with revenue up 23% year over year to $2.5 billion and a GAAP net loss including redeemable non-controlling interests of $25 million, compared with $162 million a year earlier. The company also gave second-quarter 2024 guidance for Marketplace GOV of $19.0 billion to $19.4 billion and Adjusted EBITDA of $325 million to $425 million. For shareholders, the filing shows higher revenue and a smaller loss, with the company noting that Seattle and New York City earnings rules are reducing merchant earnings and order volume in those markets.
Key points
- Revenue rose 23% year over year to $2.5 billion in Q1 2024, from $2.035 billion in Q1 2023.
- GAAP net loss including redeemable non-controlling interests was $25 million, versus $162 million in Q1 2023.
- Adjusted EBITDA reached $371 million, up from $204 million in Q1 2023.
- Q2 2024 outlook: Marketplace GOV of $19.0 billion to $19.4 billion and Adjusted EBITDA of $325 million to $425 million.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.