DoorDash Inc (NASDAQ:DASH) reported mixed second-quarter financial results Wednesday after market close.
Here are the key highlights.
• DoorDash shares are experiencing downward pressure. What’s pulling DASH shares down?
DoorDash Q2 Earnings
DoorDash reported second-quarter revenue of $4.45 billion, up 36% year-over-year. The revenue beat a Street consensus estimate of $4.34 billion, according to data from Benzinga Pro.
- Total orders were up 27% year-over-year to 970 million.
- The second quarter Marketplace GOV was 33.1 billion, up 36% year-over-year.
- Adjusted EBITDA for the quarter was $914 million, up 40% year-over-year.
The company reported earnings of 46 cents per share, missing a Street estimate of 49 cents per share.
DoorDash reported strong growth for the U.S. grocery and retail categories.
In the 12 months through the end of the second quarter, the number of paid DashPass U.S. customers was up more than the amount in the previous 24 months combined. The company highlighted this as showing the growing value of DashPass.
DashPass members represented around 75% of all total orders for the U.S. grocery and retail categories in the quarter.
What’s Next for DoorDash
The company is guiding for third-quarter Marketplace GOV to be in a range of $33 billion to $34 billion.
Guidance for third-quarter adjusted EBITDA is $950 million to $1.1 billion. The company sees fourth-quarter EBITDA weaker as a percentage of Marketplace GOV due to a seasonal increase in Dasher costs, increases in insurance expenses and increases in investments.
"We have had a strong start to 2026 and will work hard to continue our progress through the second half of the year," the company said.
DoorDash Stock Price Action
DoorDash stock is up 0.35% to $207.99 in after-hours trading Wednesday versus a 52-week trading range of $143.30 to $285.49
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