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    Nikhil Devani

    Senior Analyst at Bernstein

    Nikhil Devnani is a Senior Analyst at Bernstein specializing in U.S. internet and consumer technology companies, with coverage including DoorDash, Uber, Instacart (Maplebear), Lyft, Etsy, eBay, Wayfair, and Zillow. He currently ranks among the top Wall Street analysts, boasting an 84.62% success rate and an average return of 16.95% across 25 published ratings. Devnani began his analyst career at Autonomous Research before joining Bernstein Institutional Services LLC in 2024, and holds an undergraduate degree from The Wharton School of the University of Pennsylvania. He is registered with FINRA and is known for actionable equity research and setting influential price targets in the internet sector.

    Nikhil Devani's questions to DoorDash (DASH) leadership

    Nikhil Devani's questions to DoorDash (DASH) leadership • Q4 2024

    Question

    Nikhil Devani asked about U.S. new verticals, focusing on the level of repeat customer behavior and the long-term outlook for profitability per order compared to the core restaurant business.

    Answer

    CFO Ravi Inukonda responded that customers are showing strong repeat engagement, ordering across categories and increasing their monthly spend. On profitability, he reiterated the focus is on scaling the business and growing absolute profit dollars, noting that unit economics in new verticals improved in 2024 and the category is expected to be a significant long-term profit driver.

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