DoorDash shares climbed about 8% in extended trading on Wednesday after the food delivery company reported better-than-expected earnings and revenue for the second quarter.
Here's how the company did compared to analysts' estimates based on LSEG's consensus:
- Earnings per share: 65 cents vs. 44 cents expected
- Revenue: $3.28 billion vs. $3.16 billion expected
Revenue jumped 25% from $2.63 billion a year earlier, DoorDash said in a press release. The company reported net income of $285 million, or 65 cents per share, after recording a loss of $157 million, or 38 cents per share, in the same period a year ago.
Orders increased 20% from a year earlier to 761 million. Gross order value, or GOV, rose 23% to $24.2 billion.
DoorDash shares have soared 54% this year as of Wednesday's close, lifting the company's market cap to $109 billion. The Nasdaq is up almost 10% in 2025.
For the third quarter, DoorDash said it expects marketplace GOV of $24.2 billion to $24.7 billion, and adjusted earnings of between $680 million and $780 million.
The forecast "anticipates significant levels of ongoing investment in new categories and international markets," the company said in the statement.
In May, DoorDash acquired British food delivery startup Deliveroo for about $3.9 billion and restaurant technology company SevenRooms for $1.2 billion.
