Every material Form 8-K DoorDash filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
DoorDash reported third-quarter 2024 results for the quarter ended September 30, 2024, with revenue up 25% year-over-year to $2.7 billion and GAAP net income attributable to common stockholders of $162 million, compared with a $73 million loss a year earlier. The company said this was its first quarter of positive GAAP net income as a public company. It also gave fourth-quarter 2024 guidance of $20.6 billion to $21.0 billion in Marketplace GOV and $525 million to $575 million in Adjusted EBITDA.
Q3 2024 revenue rose 25% year-over-year to $2.7 billion; Total Orders rose 18% to 643 million.
GAAP net income attributable to DoorDash common stockholders was $162 million, versus a $(73) million loss in Q3 2023.
Adjusted EBITDA reached $533 million, up 55% from $344 million a year earlier.
Q4 2024 outlook: Marketplace GOV of $20.6 billion to $21.0 billion and Adjusted EBITDA of $525 million to $575 million; the company repurchased $224 million of stock through October 29, 2024, with about $876 million left under its authoriza
DoorDash reported second-quarter 2024 results on August 1, 2024, with revenue up 23% year over year to $2.6 billion and GAAP net loss narrowing to $158 million from $172 million a year earlier. The company also gave third-quarter guidance of $19.4 billion to $19.8 billion in Marketplace GOV and $470 million to $540 million in Adjusted EBITDA, while recording $85 million in litigation reserves and $83 million in office lease impairment expenses in the quarter.
Revenue rose 23% year over year to $2.6 billion; Net Revenue Margin was 13.3%, up from 13.0% a year earlier.
Adjusted EBITDA was $430 million, up from $279 million in Q2 2023; GAAP net loss was $158 million versus $172 million.
Q2 results included $85 million in litigation reserves and $83 million in office lease impairment expenses; the company expects legal expenses to decline meaningfully in Q3 2024.
Q3 2024 outlook: Marketplace GOV of $19.4 billion to $19.8 billion and Adjusted EBITDA of $470 million to $540 million.
DoorDash amended and restated its revolving credit agreement on April 26, 2024, increasing the unsecured revolving facility from up to $400.0 million to up to $800.0 million and raising the letter of credit sublimit from $200.0 million to $600.0 million. As of April 26, 2024, no revolving loans were drawn and $111.4 million in letters of credit were outstanding, and the facility now runs to April 26, 2029. The larger facility gives the company more borrowing capacity, though the filing shows no drawn debt at signing.
Revolving facility increased from up to $400.0 million to up to $800.0 million; letter of credit sublimit raised from $200.0 million to $600.0 million
No revolving loans outstanding and $111.4 million in letters of credit outstanding as of April 26, 2024
Commitments run until April 26, 2029; company may add up to $2.0 billion in further commitments, subject to lender participation and covenant compliance
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.
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.
DoorDash appointed Jeffrey Blackburn, a former Amazon senior vice president, to its Board of Directors, effective May 6, 2024, and he will join the leadership development, inclusion and compensation committee. Director Greg Peters said he will not stand for re-election at the 2024 annual meeting, when his term ends. The filing reports no financial results, so the changes are governance matters for shareholders rather than a direct measure of performance.
Jeffrey Blackburn, age 54, elected to the board on April 18, 2024; term begins May 6, 2024 as a Class II director expiring at the 2025 annual meeting
Blackburn held senior roles at Amazon.com, including Senior Vice President of Global Media and Entertainment from May 2021 to February 2023
Greg Peters informed the company on April 15, 2024 that he will not stand for re-election; he remains a director until the 2024 Annual Meeting
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every DoorDash filing is on SEC EDGAR ↗. 8-K briefs of other companies →