DoorDash delivered strong financial results in Q3 2024, with revenue growing 25% year-over-year to $2.7 billion and Marketplace GOV increasing 19% to $20.0 billion. The company achieved its first quarterly net profit of $162 million, compared to a $73 million loss in Q3 2023. Contribution Profit rose to $930 million, representing a 4.6% margin of Marketplace GOV.The company demonstrated improved operational efficiency with Adjusted EBITDA increasing to $533 million from $344 million in Q3 2023. Net Revenue Margin expanded to 13.5% from 12.9% year-over-year, driven by growing advertising revenue and enhanced logistics efficiency. Total Orders grew 18% year-over-year to 643 million, reflecting increased consumer engagement.Looking ahead, DoorDash maintains a strong liquidity position with $5.8 billion in cash, cash equivalents, and marketable securities. The company continues to invest in platform development and international expansion while executing its $1.1 billion share repurchase program, with approximately $876 million remaining available as of September 30, 2024.

DoorDash delivered strong financial results in Q3 2024, with revenue growing 25% year-over-year to $2.7 billion and Marketplace GOV increasing 19% to $20.0 billion. The company achieved its first quarterly net profit of $162 million, compared to a $73 million loss in Q3 2023. Contribution Profit rose to $930 million, representing a 4.6% margin of Marketplace GOV.The company demonstrated improved operational efficiency with Adjusted EBITDA increasing to $533 million from $344 million in Q3 2023. Net Revenue Margin expanded to 13.5% from 12.9% year-over-year, driven by growing advertising revenue and enhanced logistics efficiency. Total Orders grew 18% year-over-year to 643 million, reflecting increased consumer engagement.Looking ahead, DoorDash maintains a strong liquidity position with $5.8 billion in cash, cash equivalents, and marketable securities. The company continues to invest in platform development and international expansion while executing its $1.1 billion share repurchase program, with approximately $876 million remaining available as of September 30, 2024.