A DoorDash driver rides an electric bike and carries a cool backpack, with the San Francisco skyline in the background.
Smith Collection | Gadot | Getty Images
shares door panel Shares rose 13% in after-hours trading Thursday after the company released its earnings report. Second quarter results That beat analysts’ revenue expectations.
According to LSEG analyst expectations, the company’s performance is as follows:
- Loss per share: 38 cents, probably not comparable to the expected loss of 9 cents
- income: US$2.63 billion, expected US$2.54 billion
DoorDash’s revenue grew 23% from $2.13 billion a year earlier. The company narrowed its net loss to $157 million, or 38 cents a share, from $170 million, or 44 cents a share, a year earlier.
The delivery service company said it received 635 million orders this quarter, a 19% increase from the same period last year. DoorDash said its Marketplace GOV (gross order value) was $19.71 billion, up 20% from the previous year.
DoorDash said it expects Marketplace GOV in the third quarter to be between $19.4 billion and $19.8 billion. Analysts expected $19.51 billion, according to StreetAccount estimates.
“We are very pleased with our second quarter 2024 financial results as they reflect years of investment and product-level focus, driving strong growth in several key areas of our business and Improved unit economics. freed Thursday.
DoorDash will host its quarterly conference call with investors at 5:00 p.m. Eastern Time.
