DoorDash stock rose in after-hours trading on August 5 after the food delivery company reported second-quarter revenue of $4.45 billion, up 36% year-over-year and beating a Street consensus estimate of $4.34 billion, though earnings per share missed expectations.
The company’s adjusted EBITDA of $914 million exceeded analyst estimates of $842.3 million and grew 40% year-over-year, highlighting DoorDash’s improving profitability at scale. Total orders increased 27% year-over-year to 970 million, reflecting broad-based demand across its core food delivery and expanding grocery and retail segments.
DoorDash’s subscription service, DashPass, emerged as a key driver of growth. Members represented around 75% of all total orders for the U.S. grocery and retail categories in the quarter, and the company noted that the number of paid DashPass U.S. customers in the 12 months through June 2026 exceeded the total from the previous 24 months combined.
The company reported earnings per share of $0.46, missing the Street estimate of $0.49, a common pattern in DoorDash’s recent results where revenue and profitability metrics beat while EPS falls short. Despite the miss, the strong operational performance underscores the company’s ability to grow orders and monetize its platform more efficiently.
For the third quarter, DoorDash guided for Marketplace GOV in a range of $33 billion to $34 billion, representing growth from the second quarter’s $33.1 billion. Adjusted EBITDA guidance for Q3 is $950 million to $1.1 billion, with the company cautioning that fourth-quarter EBITDA will be weaker as a percentage of Marketplace GOV due to seasonal increases in Dasher costs and insurance expenses, as well as elevated investments in new initiatives.
DoorDash stock closed after-hours trading up 0.35% to $207.99, maintaining a 52-week range of $143.30 to $285.49. The muted immediate reaction reflects investor focus on the company’s forward guidance and the balance between growth and profitability in a competitive delivery landscape. Like other earnings beats in the sector, such as Shopify’s recent Q2 revenue beat, strong top-line performance can mask concerns about near-term margin pressure and investment spending.
Sources
- Benzinga — Q2 revenue, orders, adjusted EBITDA, EPS, stock price, DashPass metrics, and Q3 guidance
- Yahoo Finance — Q2 revenue beat and year-over-year growth confirmation
- The Globe and Mail — Adjusted EBITDA beat and Q3 guidance details
