DoorDash continued its long-running streak of setting new quarterly records for key metrics in its second quarter, the food delivery giant announced Thursday.
DoorDash’s second-quarter revenue increased 23% year-over-year to $2.6 billion, beating Wall Street’s estimated $2.54 billion. Total orders gained 19% to 635 million (also better than expected), while marketplace gross order value increased 20% to $19.7 billion.
Customers have continued to place orders for foods and other goods online despite broader economic concerns, though the company isn’t continuing to grow at the same breakneck pace it achieved in past quarters when the world was grappling with lockdowns.
“Our aim is to build a large and durable business by building services that expand the potential of local commerce,” the company said in its earnings release.
DoorDash has focused on growing past just food delivery, taking on new verticals such as beauty, home improvement, and sporting goods. Those investments have been paying off, the company said. Improvements to its new verticals marketplace helped push consistent year-over-year growth in order frequency and all-time-high monthly active user penetration.
“The steady increase in consumer adoption in U.S. new verticals categories along with strong trends in logistics efficiency give us confidence to continue investing to further improve the experience we offer,” the company said.
Accedi per aggiungere un commento
Altri post in questo gruppo
When Donald Trump returned to the White House in 2025, many in the tech world hoped his promises to champion artificial intelligence and cut regulation would outweigh the risks of his famously vol
The first 27 satellites for Amazon’s Kuiper broadband internet constellation were launched into space from Florid
There are so many ways to die. You could fall off a cliff. A monk could light you on fire. A bat the size of a yacht could kick your head in. You’ve only just begun the game, and yet here you are,
Former Tinder CEO Renate Nyborg launched Meeno less than two years ago with the intention of it being an AI chatbot that help
The most indelible image from Donald Trump’s inauguration in January is not the image of the president taking the oath of office without his hand on the Bible. It is not the image of the First Lad
Ernest Hemingway had an influential theory about fiction that might explain a lot about a p
The first 100 days of Trump’s second presidential term have included a surprising player that doesn’t seem likely to go away anytime soon: Signal.
The encrypted messaging pl
