{"id":48533,"date":"2024-08-07T03:29:58","date_gmt":"2024-08-07T07:29:58","guid":{"rendered":"https:\/\/usa.businessupturn.com\/?p=48533"},"modified":"2024-08-07T03:29:58","modified_gmt":"2024-08-07T07:29:58","slug":"doordash-shares-surge-13-following-q2-revenue-beat","status":"publish","type":"post","link":"https:\/\/www.businessupturn.com\/usa\/doordash-shares-surge-13-following-q2-revenue-beat\/48533\/","title":{"rendered":"DoorDash Shares Surge 13% Following Q2 Revenue Beat"},"content":{"rendered":"<p>DoorDash shares jumped 13% in extended trading on Thursday after the company reported second-quarter earnings that surpassed revenue expectations, showcasing robust growth in its delivery services.<\/p>\n<p>Key Financial Highlights:<\/p>\n<ul>\n<li>Loss per Share: 38 cents, not directly comparable to the expected loss of 9 cents.<\/li>\n<li>Revenue: $2.63 billion, beating the anticipated $2.54 billion.<\/li>\n<\/ul>\n<p>The food delivery giant\u2019s revenue grew by 23%, rising from $2.13 billion a year earlier. Additionally, DoorDash narrowed its net loss to $157 million, or a loss of 38 cents per share, compared to a loss of $170 million, or 44 cents per share, in the same quarter last year.<\/p>\n<p>DoorDash experienced significant growth in order volume, reporting 635 million total orders, a 19% increase year-over-year. The company\u2019s Marketplace Gross Order Volume (GOV)\u2014the total value of all orders placed\u2014reached $19.71 billion, a 20% increase from the previous year.<\/p>\n<p>Looking ahead, DoorDash provided a positive outlook for the third quarter, projecting Marketplace GOV between $19.4 billion and $19.8 billion. This guidance aligns closely with analysts\u2019 expectations of $19.51 billion, according to StreetAccount estimates.<\/p>\n<p>\u201cWe are very pleased with our financial performance in Q2 2024, as it reflects years of investment and product-level focus that drove strong growth and improved unit economics in several major areas of our business,\u201d DoorDash stated in a release.<\/p>\n<p>The company will further discuss its financial performance and future outlook during a quarterly call with investors scheduled for 5:00 p.m. ET.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strong Order Growth and Narrowing Losses Boost Investor Confidence<\/p>\n","protected":false},"author":331,"featured_media":48458,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[15052,3928],"class_list":["post-48533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-markets","tag-doordash","tag-shares"],"reading_time":"2 min read","_links":{"self":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/48533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/users\/331"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/comments?post=48533"}],"version-history":[{"count":0,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/posts\/48533\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media\/48458"}],"wp:attachment":[{"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/media?parent=48533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/categories?post=48533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessupturn.com\/usa\/wp-json\/wp\/v2\/tags?post=48533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}