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November 9th - Trump: I am pleased to announce that the great attorney John Coale has been nominated as the U.S. Special Envoy to Belarus. He has successfully facilitated the release of 100 hostages and is working to secure the release of another 50. I would like to express my sincere gratitude in advance to the esteemed President Lukashenko of Belarus for considering the release of these additional hostages.U.S. Treasury Secretary Bessant: Substantial progress is being made on the inflation issue, and prices are expected to fall in the coming months.On November 9th, local time, Ukrainian President Volodymyr Zelensky signed a new sanctions decision, imposing sanctions on several Russian government officials and institutions. Ukraine called on the international community to increase pressure on Russia and sanction all individuals and organizations that fund war and spread disinformation. Ukraine stated that this round of sanctions includes "Russian government members involved in the plunder of occupied Ukrainian territories" and personnel from Russian military intelligence. Ukraine also plans to take further measures against publishing institutions within Russia engaged in war propaganda and defense of aggression. According to Ukrainian sources, the sanctions list includes individuals such as Russian Presidential Special Representative Kirill Dmitriev.Iraqs State Oil Marketing Organization (SOMO) announced that Iraq has set its official selling price for December Basra medium crude oil to Asia at a discount of $0.35 to the average price of Oman/Dubai crude oil.November 9th - According to Japans TBS News, a 5.6-magnitude earthquake struck off the eastern coast of Honshu, Japan, at 6:28 PM local time on the 9th, with a focal depth of 10 kilometers. The epicenter was located off the coast of Sanriku, and Morioka City in Iwate Prefecture experienced noticeable tremors with an intensity level of 3. A 6.7-magnitude earthquake had just struck the same area at approximately 5:03 PM local time on the 9th, triggering a tsunami. According to the latest observations, the tsunami has reached several locations in Iwate Prefecture, including Miyako, Kuji Port, and Ofunato. No casualties have been reported so far.

DoorDash Stock Rises 9% on Fourth-quarter Revenue Beat; COO Will Depart

Aria Thomas

Feb 17, 2023 11:40

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DoorDash Inc (NYSE:DASH) shares jumped more than 9% after-hours on the release of the company's Q4 earnings, with revenue of $1.82 billion (up 40% year-over-year) above the consensus forecast of $1.77 billion as customer demand remains robust.


Compared to the consensus expectation of ($0.67), Q4 EPS was ($1.65). Overall orders increased by 27% year-over-year to 467 million, due to growth in customers and consumer interaction at DoorDash, as well as the company's acquisition of Wolt. At $14.4B, Q4 Marketplace GOV surged 29% year-over-year.


Monthly Active Users (MAUs) in December grew to over 32M from over 25M a year earlier, with both DoorDash and Wolt experiencing year-over-year growth in MAUs.


The business anticipates Q1 Marketplace GOV revenues between $15.1 and $15.5 billion, with adjusted EBITDA between $120-$170 million.


For the full year of 2023, the firm forecasts Marketplace GOV revenues between $60 billion and $63 billion, with adjusted EBITDA between $500 million and $800 million.


The firm also revealed that DoorDash's COO and President, Christopher Payne, will depart on March 1, 2023. Since 2018, Prabir Adarkar has worked as the company's CFO. On March 1, 2023, he assumed the roles of COO and President.

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