DoorDash food-delivery service in New York City on Feb. 13, 2025.
Danielle DeVries | CNBC
DoorDash shares climbed about 5% 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.
Doordash one day stock chart.
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┬аDeliveroo for about $3.9 billion┬аand restaurant technology company┬аSevenRooms for $1.2 billion.
