DoorDash closes Wolt acquisition; updates Q2 GOV guidance upward

DoorDash, Inc.

Closed Wolt acquisition on May 31, 2022, issuing ~46.2M shares of Class A common stock.
Updated Q2 stand-alone Marketplace GOV to $12.5B-$12.7B (prior $12.1B-$12.5B).
Combined Q2 GOV guidance $12.8B-$13.0B, including ~$800M-$850M from Wolt.
Wolt stand-alone Q2 Adjusted EBITDA guidance of $(80M)-(70M); combined EBITDA unchanged at $0-$100M.
Retention RSUs for ~7.3M shares issued to Wolt continuing employees, vesting over 4 years.

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