DoorDash Releases Fourth Quarter and Full Year 2023 Financial Results
Net Revenue Margin was 13.1% in Q4 2023, up 47 basis points Y/Y and 13 basis points quarter-over-quarter (Q/Q).
- Net Revenue Margin was 13.1% in Q4 2023, up 47 basis points Y/Y and 13 basis points quarter-over-quarter (Q/Q).
- In Q4 2023, GAAP research and development expense was $253 million, consistent with $250 million in both Q4 2022 and Q3 2023.
- The Q/Q increase was driven primarily by a sales tax benefit in Q3 2023 that did not repeat in Q4 2023.
- Marketplace GOV grew 22% Y/Y on a pro forma basis in 2023, including the results from Wolt in both periods.