DoorDash Q2 revenue jumps, EBITDA tops estimates on order growth, membership strength
DASH•Outlook
- DoorDash sees Q3 2026 Marketplace GOV of $33.0 bln to $34.0 bln
- Company expects Q3 2026 Adjusted EBITDA of $950 mln to $1.1 bln
- DoorDash says outlook assumes stable consumer demand and foreign currency rates
Overview
- U.S. food delivery platform's Q2 revenue grew 36% yr/yr, driven by higher orders and GOV
- Adjusted EBITDA for Q2 rose 40% and beat analyst expectations
- GAAP net income for Q2 fell 30% yr/yr and missed analyst estimates
Result drivers
- DashPass membership - Co said growth in U.S. DashPass membership drove higher order frequency and retention, supporting consistent growth in the U.S. restaurant category
- Category expansion - Strong growth in U.S. grocery and retail categories and improved unit economics contributed to overall results
- International growth - Accelerated growth at Deliveroo and improved cohort order rates at Wolt supported international performance
