SAN FRANCISCO, CA - DoorDash has unveiled its financial results for the fourth quarter and full year of 2024, highlighting significant achievements and growth. Here are the key highlights from the report:

• Revenue grew 24 percent year-over-year in 2024.
• First full year of positive GAAP net income.
• Q4 2024 total orders increased 19 percent year-over-year to 685 million.
• Marketplace Gross Order Value (GOV) rose 21 percent to $21.3 billion in Q4 2024.
• Revenue for the quarter grew by 25 percent year-over-year to $2.9 billion.
• GAAP net income reached $141 million, improving from a loss of $154 million in Q4 2023.
• Adjusted EBITDA increased to $566 million from $363 million in Q4 2023.

DoorDash's efforts generated nearly $60 billion in sales for local merchants across more than 30 countries and over $18 billion in earnings for Dashers. "We are pleased with our performance throughout 2024 and excited about our potential to increase our scale, profitability, and impact on local economies in 2025 and beyond," the company stated.

DoorDash's operational highlights for 2024 included improvements in merchant selection and category breadth, driving monthly active users to over 42 million by December 2024. The number of DashPass and Wolt+ members also increased to over 22 million. The company expanded its U.S. marketplace by adding thousands of new grocery stores and improving key quality metrics, which attracted more users and increased order frequency.

Internationally, DoorDash increased merchant selection by over 25 percent year-over-year, leading to strong growth in monthly active users and total orders. The company plans to continue focusing on operational efficiency and reinvesting in its business to expand its scale and long-term profit potential in 2025.

To see the full details, visit the full press release here.