DoorDash Forecasts Strong Q2 Order Value as Shares Rise
DoorDash expects second-quarter order value to beat estimates due to resilient demand. The company reported quarterly adjusted profit above analyst expectations.
DOORDASH INC forecast second-quarter marketplace gross order value (GOV) between $32.4 billion and $33.4 billion, exceeding analyst estimates of $31.8 billion. Shares rose 13% following the announcement. Resilient delivery demand and expansion into grocery and international markets are offsetting macroeconomic pressures.
### Delivery Resilience Drives Growth Marketplace GOV and adjusted profit both beat expectations as consumers prioritize convenience for non-essential items and groceries. The company reported first-quarter adjusted earnings of 42 cents per share, surpassing the 36 cents projected by LSEG data. Revenue reached $4.04 billion, though this figure fell short of the $4.14 billion analysts anticipated.
