Overview
- DoorDash reported strong second-quarter results, with $4.5 billion in revenue, 970 million orders and $914 million in adjusted EBITDA, figures the company disclosed Wednesday.
- The company guided third-quarter marketplace gross order value to $33 billion–$34 billion and adjusted EBITDA to $950 million–$1.1 billion, both above Wall Street expectations.
- DoorDash secured FAA Part 135 certification for DoorDash Air and said its delivery robot Dot could handle a high single-digit share of orders in its largest test market by year-end.
- Free cash flow rose to $742 million in Q2, enabling the company to repurchase 6.8 million shares for $1.05 billion even as GAAP net income fell year-over-year.
- Management is expanding grocery and retail partnerships and building a new global tech platform due in the first half of 2027, a push that could widen retail reach but will increase near-term R&D and insurance costs and alter unit economics for consumers and couriers.