Why DoorDash (DASH) Shares Are Trading Higher Today - DoorDash (NASDAQ:DASH)

DoorDash, Inc DASH reported fourth-quarter revenue growth of 40% year-over-year to $1.81 billion, above analyst estimates of $1.77 billion.
DoorDash reported a loss of $(1.65) per share, higher than the $(0.68) consensus.
One area of strength for DoorDash is certainly its loyalty business, DashPass.
DoorDash had 15 million total loyalty members last year, three million more than Uber Technologies, Inc UBER Uber One loyalty program included ride-hailing and delivery, the Wall Street Journal reports.
DashPass appears to more than compensate for free delivery programs via business volumes.
DashPass members spent "significantly more." Uber One members spend more than four times what nonmembers do monthly, Uber confirmed.
DashPass subscribers accounted for 65% of DoorDash's gross food sales in January, WSJ wrote.
DoorDash's relative suburban focus continues to pay off over domestic competitors like Gopuff, Instacart, and Uber.
DoorDash's costly acquisition of Wolt in Europe also seems to add value.
Wolt's gross order value rose 50% Y/Y in Q4 to roughly €1 billion, implying Wolt has grown to about half the size of competitor Just Eat Takeaway's Northern European business.
This year's guidance for total gross order value came slightly below Wall Street's forecast at the midpoint, suggesting decelerating growth.
In 2022 DoorDash beat the high end of its twice-raised guidance on that measure, so some embedded conservatism seems likely.
Price Action: DASH shares traded higher by 5.4% at $70.50 premarket on the last check Friday.

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DoorDash's Q4 Beat Underscores Success Of Loyalty Business, Synergies From Wolt

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