DoorDash Sets New Records, Shares Reach All-Time High on Q2 Earnings

DoorDash reported record Q2 results, with GAAP net income of $285mln, up from a loss of $157mln YoY, and revenue up 25% YoY to $3.28bln. Total orders increased 20% to 761mln and marketplace gross order value rose 23% to $24.24bln. The firm's shares hit an all-time high of $268, up 60% YTD.

DoorDash (DASH) reported record-breaking second-quarter results, with GAAP net income of $285 million, up from a loss of $157 million year-over-year (YoY). The company's revenue increased by 25% YoY to $3.28 billion, driven by a 20% increase in total orders to 761 million and a 23% rise in marketplace gross order value (GOV) to $24.24 billion. The firm's shares hit an all-time high of $268, up 60% year-to-date (YTD).

Key highlights of the report include:
- Revenue Growth: DoorDash's revenue surged 25% YoY to $3.28 billion, driven by strong consumer demand and increased engagement with the platform.
- Net Income Improvement: The company returned to profitability with a GAAP net income of $285 million, marking a significant turnaround from the $157 million loss recorded in the same period last year.
- Order and Gross Order Value (GOV) Growth: Total orders increased 20% YoY to 761 million, while marketplace GOV rose 23% YoY to $24.24 billion.
- Share Price Performance: DoorDash's shares hit an all-time high of $268, up 60% YTD, reflecting investor confidence in the company's financial performance and growth prospects.

CEO Tony Xu attributed the strong performance to years of investment in platform improvements, including personalization, delivery speed, and customer service. He also highlighted the robust growth of the advertising business, now at an annualized revenue run rate of over $1 billion. Xu emphasized the transformative potential of AI in enhancing product design and operational efficiency, and the company's focus on disciplined expansion, including new verticals and international markets.

The company expects higher take rates in the second half of 2025 and has raised its Q3 GOV outlook to a range of $24.2 billion to $24.7 billion. DoorDash also plans to finalize the acquisition of Deliveroo in Q4 2025, pending regulatory approvals.

DoorDash's stock performance has been robust, with shares gaining 54% this year and 110% in the past 12 months. The company's stock had a best-possible IBD Composite Rating of 99 prior to earnings, indicating strong growth potential.

References:
[1] https://www.investors.com/news/technology/doordash-stock-dash-news-q2-2025-earnings/?mod=newsviewer_click&refcode=aflMarketWatch&src=A00619
[2] https://www.businesswire.com/news/home/20250806725594/en/DoorDash-Releases-Second-Quarter-2025-Financial-Results
[3] https://www.cnbc.com/2025/08/06/doordash-dash-stock-q2-earnings.html
[4] https://www.inkl.com/news/can-a-surge-in-delivery-orders-keep-doordash-soaring-stock-spike-triggers-major-reactions