DoorDash shares climbed about 8% in prolonged buying and selling on Wednesday after the meals supply firm reported better-than-expected earnings and income for the second quarter.
Here is how the corporate did in comparison with analysts’ estimates primarily based on LSEG’s consensus:
- Earnings per share: 65 cents vs. 44 cents anticipated
- Income: $3.28 billion vs. $3.16 billion anticipated
Income jumped 25% from $2.63 billion a 12 months earlier, DoorDash mentioned in a press launch. The corporate reported internet earnings of $285 million, or 65 cents per share, after recording a lack of $157 million, or 38 cents per share, in the identical interval a 12 months in the past.
Orders elevated 20% from a 12 months earlier to 761 million. Gross order worth, or GOV, rose 23% to $24.2 billion.
DoorDash shares have soared 54% this 12 months as of Wednesday’s shut, lifting the corporate’s market cap to $109 billion. The Nasdaq is up virtually 10% in 2025.
Doordash in the future inventory chart.
For the third quarter, DoorDash mentioned it expects market GOV of $24.2 billion to $24.7 billion, and adjusted earnings of between $680 million and $780 million.
The forecast “anticipates vital ranges of ongoing funding in new classes and worldwide markets,” the corporate mentioned within the assertion.
In Might, DoorDash acquired British meals supply startup Deliveroo for about $3.9 billion and restaurant expertise firm SevenRooms for $1.2 billion.
