DoorDash Q2 Revenue Jumps 36%, EBITDA Beats by $72M; Strong Q3 Guidance
DASH sits 41% above its 52-week low of $143.3.
Summary
DoorDash delivered a strong Q2 with revenue up 36% year-over-year to $4.5 billion, driven by order growth and DashPass membership strength. Marketplace GOV increased 36% Y/Y to $33.1 billion. Adjusted EBITDA of $914 million beat consensus by over $72 million, while GAAP net income was $200 million and EPS was 46 cents. The company guided Q3 Marketplace GOV to $33-34 billion and Adjusted EBITDA to $950 million-$1.1 billion, signaling continued momentum. This follows a robust Q1 report in May and comes despite recent insider selling by the CFO and a director under 10b5-1 plans. The results reinforce the platform's ability to grow profitably across restaurant, grocery, and international segments.
At the time of this announcement, DASH was trading at $201.50 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $90.3B. The 52-week trading range was $143.30 to $285.50. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.