![]() ![]() You can see that in our strong Q1 results, as well as the double-digit growth rate that we have driven consistently for the last two years in a row. ![]() On the second question, consumer engagement and spending on the platform continues to be very strong. And so, for all of those reasons, that’s why you are seeing the cohort performance improve in new categories. Number two, we are also improving the quality of the experience itself, making sure that we are more accurate both in the filling of the carts, the ability to perfect the substitution experience when the items that we shop for are not inside the store.Īnd we are also doing this with greater convenience by allowing you more choices of whether you want this delivered in 30 minutes, whether you want it delivered a bit later in the day. So adding selection players like ALDI, we now are - we now serve 20-plus of the top grocers in the U.S. I mean the retained - the new cohorts are certainly stronger than previous cohorts, a lot of this has to do with improvements in product quality. I mean, the answer to your question is, yes. So I think your first question really was around the performance and the strength of the cohorts in our new categories. I will start with the first question and then I will let Ravi chime in on the second question. Just a clarification, so that shows subsequent purchase frequency, just in grocery and convenience and these folks are also purchasing for restaurant as well, is that correct? And are we at a point where we can maybe put a flag in the ground and talk about how much GOV or how many users are in things like grocery and convenience? And then the second question is, some of your peers have talked about linearity in the quarter getting a little stronger exiting the quarter compared to January because of pandemic effects? Is that also what you guys saw, just trying to reconcile that with the 2Q GOV guide? Thanks a lot. The cohort data for new verticals looks great. Your first question comes from the line of. Jean Louis, I will pass it back to you and we can take our first question. A replay of the call will be available on our website shortly after the call ends. These non-GAAP measures should be considered in addition to our GAAP results and are not intended to be a substitute for our GAAP results.įinally, this call is being audio webcasted on our IR website. Information regarding our non-GAAP financial measures, including a reconciliation of the non-GAAP measures to the most directly comparable GAAP measures may be found in our letters to shareholders, which is available on our Investor Relations website. We disclaim any obligation to update any forward-looking statements, except as required by law.ĭuring this call, we will discuss certain non-GAAP financial measures. You should not rely on our forward-looking statements as predictions of future events. Many of these uncertainties are described in our SEC filings, including our Form 10-Ks and 10-Qs. We will be making forward-looking statements during today’s call being our expectations for our business, financial position, operating performance, market, guidance, strategies, our investment approach, alignment with merchants and Dashers, and the consumer spending environment.įorward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those described. I am very pleased to be joined today by Co-Founder, Chair and CEO, Tony Xu and CFO, Ravi Inukonda. And thanks for joining us for our first quarter 2023 earnings call. I will now turn the conference over to Andy Hargreaves. After the speakers’ remarks, there will be a question-and-answer session. All lines have been placed on mute to prevent any background noise. ![]() Welcome to the DoorDash Q1 2023 Earnings Call. ( NYSE: DASH) Q1 2023 Earnings Conference Call 5:00 PM ETĪndy Hargreaves - Vice President, Finance and Investor Relations In terms of market cap, Dash 2 Trade is currently ranked #2719 in the Ethereum (ERC20) Tokens sector.DoorDash, Inc. The Dash 2 Trade price prediction sentiment is currently bearish, while Fear & Greed Index is showing 55 (Greed). The highest D2T price since the last cycle low was $ 0.008254 (cycle high). The lowest price since it's ATH was $ 0.006762 (cycle low). The D2T price increased 0.43% in the last 24 hours.ĭash 2 Trade reached its highest price on when it was trading at its all-time high of $ 0.052955, while Dash 2 Trade's lowest price was recorded on when it was trading at its all-time low of $ 0.006762. Dash 2 Trade price today is $ 0.007688 with a 24-hour trading volume of $ 256,463, market cap of $ 0.00, and market dominance of 0.00%. ![]()
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