DoorDash: Releases First Quarter 2022 Financial Results

San Francisco / CA. (ddi) DoorDash Inc. (DDI) announced financial results for the quarter ended March 31, 2022. The Company grew Marketplace GOV by 25 percent Y/Y to USD 12.4 billion in Q1 2022, driven primarily by 23 percent Y/Y growth in Total Orders to 404 million. In Q1 2022, DDI added more new consumers than any quarter since Q1-2021, which helped drive MAUs and DashPass members to new highs. Average order frequency also reached a new high in Q1-2022, due in part to the growth in DashPass members. The growth in MAUs and average order frequency helped DDI gain share in the U.S. Food Delivery category in Q1 2022 compared to Q4-2021, according to third-party data.

Q1-2022 Revenue increased 35 percent Y/Y to USD 1.5 billion. On a Y/Y basis, Revenue in Q1 2022 grew faster than Marketplace GOV primarily because of lower Dasher incentives and promotions compared to Q1-2021, as these were elevated in the prior year period in response to short-term Dasher shortages driven by extreme weather and fiscal stimulus. DDI continued to invest aggressively in Q1-2022, which helped drive growth in our new categories and international markets well above total company growth on both a Y/Y and Q/Q basis.

For additional information please read the Company’s PDF file below (179 KB):