DoorDash Exceeds Revenue Expectations in Q2 Performance, Sees Surge in Total Orders

2024-08-02 163

DoorDash announced its second-quarter results, surpassing analysts' revenue expectations. The food delivery service also reduced its net loss compared to the same period last year. DoorDash received over 600 million total orders, a significant increase from the previous year. DoorDash cited "years of investment and product-level focus" for its strong revenue growth and improved financial performance. Shares jumped 13% in after-hours trading following the earnings release.