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Ravi Inukonda - 4 DoorDash - 3 Granth - 2 Dado Ruvic - 1 Rachel Wolff - 1 Anil D'Silva - 1 Tony Xu - 1 University of Florida's Jay Ritter - 1
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Search resuls for: "Ravi Inukonda"


8 mentions found


☆ DoorDash CFO: Growth in grocery stronger in 'some international markets' compared to U.S.
  + stars: | 2024-02-15 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDoorDash CFO: Growth in grocery stronger in 'some international markets' compared to U.S.Ravi Inukonda, DoorDash CFO, joins 'Closing Bell Overtime' to talk quarterly results, international growth, the impact of inflation and more.
Persons: Ravi Inukonda Locations: U.S
☆ DoorDash projects core profit above estimates as delivery orders surge
  + stars: | 2023-11-01 | by ( Granth Vanaik | Thomson Reuters | Granth Reports On The North American Consumer | ) www.reuters.com   time to read: +2 min
DoorDash had in August projected adjusted EBITDA of between $750 million and $1.05 billion. The company expects fourth-quarter adjusted EBITDA, a key measure of profitability, of between $320 million and $380 million, compared with analysts' estimates of $253.3 million. In the third quarter, total orders rose 24% to 543 million from a year earlier. Revenue rose 27% to $2.16 billion, compared with analysts' expectations of $2.09 billion, according to LSEG data. Net loss narrowed to $73 million, or 19 cents per share, in the third quarter, compared with $295 million, or 77 cents per share, a year earlier.
Persons: Dado Ruvic, Ravi Inukonda, DoorDash, Rachel Wolff, Granth, Anil D'Silva Organizations: REUTERS, ALDI, Reuters, Revenue, Thomson Locations: Japan, U.S, Bengaluru
☆ DoorDash will switch to Nasdaq from the NYSE in blow to Big Board
  + stars: | 2023-09-14 | by ( Hayden Field | ) www.cnbc.com   time to read: +1 min
DoorDash said on Thursday that it will transfer its listing from the New York Stock Exchange to the Nasdaq, a potential blow to the NYSE. "We are delighted to join a community of leading technology companies with our transfer to Nasdaq," DoorDash Chief Financial Officer Ravi Inukonda said in a statement. The NYSE has been attempting for years to secure more tech company listings and gain share against the Nasdaq. DoorDash initially began trading on the NYSE in December 2020, with a price of $182 per share. Its debut came at a popular time for tech IPOs, within months of the IPOs of Airbnb , Roblox and Wish , the discount marketplace.
Persons: Tony Xu, DoorDash, Ravi Inukonda, University of Florida's Jay Ritter, DoorDash's, Instacart Organizations: DoorDash Inc, Street, Tech, New York Stock Exchange, Nasdaq, NYSE, University of Florida's, Cloud, Big Board Locations: Laguna Beach , California
☆ DoorDash lifts core profit target for second time on rising orders
  + stars: | 2023-08-02 | by ( ) www.reuters.com   time to read: +2 min
A DoorDash delivery person is pictured on the day they hold their IPO in the Manhattan borough of New York City, New York, U.S., December 9, 2020. REUTERS/Carlo AllegriAug 2(Reuters) - DoorDash (DASH.N) raised its annual core profit forecast for a second time and beat quarterly revenue expectations on Wednesday as orders for groceries and food surged despite higher prices, sending its shares up nearly 6% in extended trading. DoorDash expects a key measure of profitability, adjusted EBITDA, between $750 million and $1.05 billion, compared to the prior outlook of $600 million to $900 million. DoorDash's revenue rose 33% to $2.13 billion, beating expectations of $2.06 billion, according to Refinitiv data. Net loss narrowed to $170 million, or 44 cents per share, in the quarter, compared to $263 million, or 72 cents, a year ago.
Persons: Carlo Allegri, Ravi Inukonda, DoorDash, Granth, Arun Koyyur Organizations: REUTERS, DoorDash, Uber Technologies, Thomson Locations: Manhattan, New York City , New York, U.S, DoorDash, Bengaluru
☆ DoorDash raises annual core profit forecast on resilient delivery demand
  + stars: | 2023-05-04 | by ( Granth Vanaik | Thomson Reuters | Granth Reports On The North American Consumer | ) www.reuters.com   time to read: +2 min
San Francisco-based DoorDash now projects annual adjusted EBITDA, a measure of profitability, between $600 million and $900 million, compared to previous outlook of $500 million and $800 million. "Consumer demand and engagement are stronger than ever, which has fueled growth across our topline," said Chief Financial Officer Ravi Inukonda. In the first quarter, total orders rose 27% to 512 million, while analysts on average had expected a 20.8% rise to 488.2 million, as per Refinitiv data. On Tuesday, Uber Technologies (UBER.N) also said that it expected "strong growth" in its food delivery unit over the next few quarters, signaling demand resilience. DoorDash's revenue rose 40% to $2.04 billion in the quarter ended March 31, compared to analysts' estimate of about $1.93 billion.
☆ How DoorDash Uses Analytics and Forecasting Amid Economic Uncertainty
  + stars: | 2023-03-06 | by ( Mark Maurer | ) www.wsj.com   time to read: +7 min
Jessica Lachs, vice president of analytics and data science at DoorDash Inc. Photo: DoorDash Inc.WSJ’s CFO Journal talked to Ms. Lachs, who reports to Mr. Inukonda, about how analytics support DoorDash’s financial operations, particularly at a time of high economic uncertainty. A cool thing that we did that empowers our CFO to make good decisions is by building out what we call the DoorDash item price index. We have our own internal price index that tracks and measures changes in the average item price on the platform weekly. Ms. Lachs: The experimentation the analytics team has done to help grow our grocery business is timely. The analytics team found that ensuring an item is in stock and available on the DoorDash platform is more important for consumer retention than providing a good substitution.
☆ DoorDash stock pops after revenue beat, rosy guidance
  + stars: | 2023-02-16 | by ( Annie Palmer | ) www.cnbc.com   time to read: +1 min
A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020. Shares of DoorDash jumped as much as 6% in extended trading Thursday after the food delivery company reported better-than-expected sales for the fourth quarter and gave upbeat guidance for the current period. For the current quarter, DoorDash said it expects marketplace gross order volume to be between $15.1 billion and $15.5 billion. DoorDash said in the quarterly earnings report that its president and COO Christopher Payne will retire from the company. Payne will be succeeded by DoorDash CFO Prabir Adarkar, who will take over the COO role effective March 1.
☆ DoorDash beats revenue estimates as consumer demand remains strong
  + stars: | 2023-02-16 | by ( Granth Vanaik | ) www.reuters.com   time to read: +2 min
DoorDash continues to see consumers order more frequently, a company spokesperson told Reuters, adding that in 2022 it saw more consumers use the platform than ever. Total orders rose 27% to 467 million in the fourth quarter from the prior year. The San Francisco-based firm's revenue jumped 40% to $1.82 billion in the quarter ended Dec. 31. DoorDash expects full-year adjusted EBITDA, a measure of profitability, between $500 million and $800 million, compared with analysts' expectation of $591.8 million. Current finance chief Prabir Adarkar will take over as chief operating officer from Christopher Payne, who is retiring.
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