DoorDash reports Q4 EPS ($1.65), consensus (68c)

Reports Q4 revenue $1.82B, consensus $1.77B. The company states: "In Q4 and 2022, we generated strong growth in Marketplace GOV, grew our user base with an increased penetration of DashPass members, made significant improvements to the quality of the consumer experience, expanded the scale of our non-restaurant categories, and improved margin trends in many of our categories and countries. In Q4, total Marketplace GOV increased by 29% Y/Y to $14.4 billion, which was above the high end of the outlook range we provided. Q4 GAAP net loss including redeemable non-controlling interests was $642 million, which was negatively impacted by a $312 million impairment to an investment in non-marketable equity securities and restructuring charges of $84 million. Q4 Adjusted EBITDA was $117 million, which was within the outlook range we provided. Excluding the impact of Wolt for comparison purposes, Q4 DoorDash Marketplace GOV increased 20% Y/Y to $13.4 billion. In euros, Q4 Wolt Marketplace GOV increased 50% Y/Y to EUR 1.0 billion. Based on third-party data, we believe we gained category share in the U.S. and in many of our international markets in Q4, with U.S. share gains in the restaurant, convenience, and grocery categories. For the full year 2022, we grew total Marketplace GOV by 27% Y/Y to $53.4 billion. On a pro forma basis, including the results from Wolt for all of 2021 and 2022, 2022 Marketplace GOV grew by 23% Y/Y. 2022 GAAP net loss including redeemable non-controlling interests was $1.4 billion, which compared to 2021 GAAP net loss including redeemable non-controlling interests of $468 million. 2022 Adjusted EBITDA was $361 million, an increase from $289 million in 2021."