DoorDash (NASDAQ:) reported mixed results for the fiscal first quarter, sending its shares tumbling 10% in after-hours trading Wednesday.
The delivery firm posted Q1 loss per share of $0.06, wider than the consensus estimate of $0.03. However, the company outperformed on revenue fronts, posting $2.51 billion against a consensus estimate of $2.45 billion.
Looking ahead to Q2, DoorDash projects its Marketplace Gross Order Value (GOV) to range between $19.0 billion and $19.4 billion.
The company also forecasts an Adjusted EBITDA between $325 million and $425 million.
For the full year 2024, DoorDash anticipates stock-based compensation to be between $1.1 billion and $1.2 billion.
It also expects to issue between 6.0 million and 7.0 million restricted stock units (RSUs), adjusted for expected forfeitures.
In addition, depreciation and amortization expenses are estimated to fall between $560 million and $590 million, assuming the stock price remains aligned with recent trading levels.
