DoorDash Q2 2023: Total Orders 532M (+25% YoY), Revenue $2.1B, Adj EBITDA $279M record

DoorDash, Inc.

2023-Q2 EPS reported -$0.85 revenue$4,168,000,000

Total Orders 532M (+25% YoY), Marketplace GOV $16.5B (+26% YoY), Revenue $2.1B (+33% YoY).
GAAP net loss narrowed to $172M from $263M in Q2 2022; Adjusted EBITDA record $279M (up 171% YoY).
Q3 2023 guidance: GOV $15.8B-$16.2B, Adj EBITDA $220M-$270M; FY 2023 GOV $64.2B-$65.2B, Adj EBITDA $750M-$1.05B.
Board-authorized $750M buyback: $693M repurchased (11.2M shares); expects 2023 net dilution well under 1%.
Contribution profit as % of Marketplace GOV improved to 3.8% vs 2.9% in Q2 2022.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DoorDash, Inc. reported the quarter ended June 30, 2023 results: revenue $2.1 billion, net income $172 million. Guidance reaffirmed.

Period: the quarter ended June 30, 2023
Revenue: $2.1 billion
Net income: $172 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

• Revenue increased 33% Y/Y to $2.1 billion and Net Revenue Margin increased to 13.0% from 12.3% in Q2 2022. • GAAP net loss including redeemable non-controlling interests was $172 million compared to $263 million in Q2 2022, and Adjusted EBITDA increased to $279 million from $103 million in Q2 2022.

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Source: SEC EDGAR

accession 0001628280-23-026753

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