"Revenue climbed 27% year-over-year to $3.45B, clearing the $3.36B consensus estimate by roughly $90M. That growth rate outpaced rival Uber's 18% quarterly expansion, signaling stronger order momentum in the core delivery business. The problem? Earnings per share came in at $0.55, missing the $0.68 estimate by 19%. GAAP net income of $244M also declined sequentially from $285M in Q2, a red flag that profitability may be plateauing after months of steady improvement."
"Operating income more than doubled year-over-year to $258M, up 141% from $107M in the prior-year quarter. That's the kind of operational execution investors want to see. Adjusted EBITDA reached $754M, up 41% year-over-year, and gross profit expanded to $1.69B with margin stability near 49%. The cash flow story was even stronger. Operating cash flow surged 376% year-over-year to $2.53B, and free cash flow hit $1.99B. That performance gave management enough confidence to announce a $5B share repurchase program, though no shares have been repurchased yet"
DoorDash reported third-quarter revenue of $3.45 billion, a 27% year-over-year increase that beat the $3.36 billion consensus and outpaced Uber's 18% growth. Earnings per share of $0.55 missed the $0.68 estimate, and GAAP net income fell sequentially to $244 million from $285 million in Q2. Operating income rose 141% year-over-year to $258 million, adjusted EBITDA reached $754 million, and gross profit expanded to $1.69 billion with margins near 49%. Operating cash flow surged 376% to $2.53 billion and free cash flow was $1.99 billion. Management announced a $5 billion share repurchase program. The stock fell sharply after hours.
Read at 24/7 Wall St.
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