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DoorDash Inc. gained 5.7% to $204.11 after the online food delivery platform operator reported steady revenue growth in the fourth quarter ending in December.

Revenue jumped to $2.87 billion from $2.30 billion, net income swung to a profit of $141 million from a loss of $154 million, and earnings per diluted share rose to 34 cents from a loss of 39 cents a year ago.

Total orders increased 19% to $685 million from $574 million a year earlier.

DoorDash repurchased 2.1 million shares of its class A common stock for $224 million, under its $1.1 billion program, and in February 2025, the company’s board authorized the repurchase of up to $5.0 billion of the class A common stock.

For the first quarter of 2025, the company estimated adjusted EBITDA between $550 million and $600 million, compared to $371 million in the same quarter last year.

For fiscal 2025, the company estimated stock-based compensation expense between $1.1 billion and $1.2 billion and depreciation and amortization expense between $580 million and $600 million.

12 Feb, 2025

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