DoorDash (DASH) Q3 2023 Earnings Call Transcript Summary
DoorDash, Inc. (DASH) Q3 2023 Earnings Call Summary
Here are the specific viewpoints from the earnings call:
Bullish Points:
1. Every line of business has accelerated in growth and improved in its unit economics.
2. Added selection to the platform on the restaurant side and non-restaurant front.
3. Improved quality of service, affordability, and customer support.
4. International business continues to grow at multiples of what is seen around the world.
5. Grocery business GOV has doubled year on year.
6. Network of Dashers improving unit economics at a faster pace.
7. Strong improvement in retention, order frequency, and unit economics.
8. Investing in improving selection and product quality for long-term ROI.
9. Strong growth across all lines of business.
10. Efficiencies found in the business used to drive growth.
Bearish Points:
1. Long runway for growth in international markets, more work to do to improve product.
2. New verticals and international business growing faster than restaurant business, affecting overall take rate.
3. Potential regulatory challenges and need to align investments with changing regulatory environment.
4. Early stages of building incremental advertising products.
5. Long way to go in building a robust marketplace and improving product offerings.
6. Long road ahead in building out advertising product.
7. Lower slope in trajectory for post-COVID cohorts compared to pre-COVID cohorts.
For more information about DoorDash, Inc.'s earnings call, you can read the relevant news: DoorDash (DASH) Q3 2023 Earnings Call Transcript
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