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DoorDash's (DASH) second-quarter 2024 results reflect strength in total orders and Marketplace GOV.
Analysts predict more gains for the shares.
DoorDash, Inc. DASH reported better-than-expected second-quarter revenue results on Thursday.
DoorDash rallied sharply after posting Q2 results, owing to tremendous order strength as well as margin leverage. The company has vastly expanded its order categories, ranging from groceries to alcohol and sporting goods. Non-food orders are representing a greater percentage of new users. The company is also seeing record additions of DashPass memberships, and is also generating more revenue from advertising, boosting its margin profile.
DoorDash said Thursday that it set records for orders and revenue in the second quarter, growth that came despite slowing U.S. restaurant traffic.
DoorDash, Inc. (NASDAQ:DASH ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Andy Hargreaves - Vice President, Investor Relations Tony Xu - Co-Founder, Chair and CEO Ravi Inukonda - Chief Financial Officer Conference Call Participants Nikhil Devnani - Bernstein Ross Sandler - Barclays Michael Morton - MoffettNathanson Andrew Boone - JMP Securities Brad Erickson - RBC Capital Markets Bernie McTernan - Needham Michael McGovern - Bank of America Ron Josey - Citi Lee Horowitz - Deutsche Bank Shweta Khajuria - Wolfe Research John Colantuoni - Jefferies Mark Zgutowicz - The Benchmark Company Operator Thank you for standing by. My name is John, and I'll be your conference operator for today.
DoorDash, Inc. (DASH) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.44 per share a year ago.
DoorDash (DASH) shares are jumping in after reporting a better-than-expected Q3 outlook. For the third quarter, DoorDash sees adjusted EBITDA of $470 million to $540 million far above the Street's $449.2 million estimate.
DoorDash shares popped in extended trading Thursday after the company released second-quarter results that beat Wall Street's revenue expectations. The company's revenue increased 23% to $2.63 billion.
Stephanie Link, Hightower chief investment strategist and Victoria Greene, G Squared Private Wealth CIO, join 'Closing Bell Overtime' with reaction to DoorDash earnings.