Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

DoorDash Shares Soar 17% on Q2 Revenue Beat & Guidance, EPS Misses Estimates

Stock Markets Aug 04, 2022 05:08PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters DoorDash Shares Soar 17% on Q2 Revenue Beat & Guidance, EPS Misses Estimates

By Investing.com Staff

DoorDash Inc (NYSE:DASH) shares surged more than 17% after-hours following the company’s reported Q2 results, with revenue coming in at $1.61 billion (up 30% year-over-year), beating the consensus estimate of $1.52 billion. EPS was ($0.72), worse than the consensus estimate of ($0.21).

Q2 Total Orders increased 23% year-over-year to 426 million, driven by 20% year-over-year growth in DoorDash orders and the addition of Wolt.

Marketplace GOV increased 25% year-over-year to $13.1 billion, driven by 22% year-over-year growth in DoorDash Marketplace GOV and the addition of Wolt.

“In Q2, we drove strong growth in Total Orders and Marketplace GOV, continued expanding Contribution Profit as a percentage of Marketplace GOV in our U.S. Restaurant Marketplace, and were thrilled to complete our combination with Wolt. Joining forces with Wolt increases the size of our opportunity ahead and significantly enhances our talent. This should enable us to remain focused on superb product development and efficient execution as we seek to drive growth in local commerce around the world,” said Tony Xu, Co-founder, CEO and Board Chair of DoorDash.

The company expects Q3 Marketplace GOV in a range of $13.0-$13.5 billion and adjusted EBITDA in a range of $25-$75 million. For the full 2022-year, the company expects Marketplace GOV to be in a range of $51.0-$53.0 billion and adjusted EBITDA in a range of $200-$500 million.

DoorDash Shares Soar 17% on Q2 Revenue Beat & Guidance, EPS Misses Estimates
 

Related Articles

CNBC Chairman Mark Hoffman to step down
CNBC Chairman Mark Hoffman to step down By Reuters - Aug 16, 2022

(Reuters) - CNBC's long-time executive and Chairman Mark Hoffman is stepping down in September, the business news channel said on Tuesday. Hoffman became CNBC's president in 2005...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email