earnings
confidence high
sentiment neutral
materiality 0.75
DoorDash Q2 revenue up 30% to $1.6B; net loss widens to $263M; guides cautious H2
DoorDash, Inc.
2022-Q2 EPS reported
-$1.21
revenue$3,064,000,000
- Revenue grew 30% YoY to $1.6B; Marketplace GOV $13.1B (+25% YoY); Total Orders 426M (+23%).
- GAAP net loss of $263M (vs. $102M loss in Q2 2021); Adjusted EBITDA $103M (above outlook).
- Completed Wolt acquisition on May 31; Wolt contributed $288M GOV and $32M revenue in partial quarter.
- Repurchased 5.4M shares for $383M in July-August under $400M buyback program.
- Q3 2022 outlook: GOV $13.0-13.5B, Adj. EBITDA $25-75M; Full year GOV $51-53B, Adj. EBITDA $200-500M.