Yes, the Ring video doorbell, both wired and wireless, does record footage of your porch. Once the camera in the doorbell detects motion at the front door, it will start recording.
When someone alerts the doorbell by either moving around or directly pressing the doorbell button, it sends a notification to your Ring app that someone is present at your front door. Once you open the app, it turns into a live stream, allowing you to talk to the person at the door through the two-way communication system of the doorbell.
With the Ring Protect subscription, you will be able to hold on to the recorded videos for a longer period of time.