• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

DoorDash Shares Pop 18 Percent On Impressive Second Quarter Revenue Result

Ibhadojemu Emmanuel by Ibhadojemu Emmanuel
August 5, 2022
in Uncategorised
Share on FacebookShare on Twitter

Shares of DoorDash soared 18 percent in Thursday’s after-hours trading after the company posted its second-quarter earnings results. Although DoorDash reported more loss per share than had been anticipated, its revenue beat analysts’ expectations.

For the second quarter, DoorDash reported a loss per share of 72 cents compared to the estimate of 41 cents that analysts had expected, according to Refinitiv. Revenue for the quarter came in at $1.61 billion compared to the forecast of $1.52 billion that analysts had forecasted, according to Refinitiv.

The total number of orders grew 23 percent year-over-year to 426 million, the company said. This growth is an all-time high for the company. Revenue was up 30 percent year-over-year. The company said this was driven by order frequency and more monthly active users.

For the second half of the year, DoorDash expects a “softer consumer spending environment.” The company also warned its investors that consumer spending could reduce faster than expected and this would take a toll on its results.

DoorDash expects adjusted EBITDA for the third quarter to come in the range of $25 million and $75 million. Analysts, on the other hand, expect adjusted EBITDA to come in at $51.2 million, according to StreetAccount.

The company also mentioned that it wasn’t oblivious to the macroeconomic realities such as high levels of inflation and other uncertainties, taking a toll on consumers. It, however, added that it had not observed a change in its US customer engagement. “Although we have noticed several external indications of shifts in consumer discretionary spending, so far we have not seen changes to consumer engagement on our U.S. Marketplace that are measurable or distinguishable from normal seasonal patterns,” the company said.

In the second quarter, the company completed its acquisition of international food delivery platform Wolt. Wolt accounted for 12 million of the company’s total orders. It also spent more than $40 million providing extra gas savings and mileage-based bonus payments to its drivers in order to reduce the impact of high gas prices.

Related Posts:

  • DoorDash Reports Better-than-expected Third-quarter Sales And Total Orders
    DoorDash Reports Better-than-expected Third-quarter…
  • lenovo-yoga-book-feature-awesome-specs-android
    Apple Reports Impressive Fiscal Third Quarter…
  • Zoom Issues Better-than-expected First Quarter…
  • Pinterest Reports Impressive Quarterly Results, The Positive Sign Needed By Investors
    Pinterest Reports Impressive Quarterly Results, The…
  • Amazon Reports Impressive Results, Issues Positive Guidance For The Next Quarter
    Amazon Reports Impressive Results, Issues Positive…
  • Etsy Surpasses Second Quarter Estimates, Shares Soar More Than 15 Percent
    Etsy Surpasses Second Quarter Estimates, Shares Soar…
  • DocuSign Shares Decline After The Company Reports…
  • Killings By Police March
    eBay Reports Better-than-expected Third Quarter…

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Ibhadojemu Emmanuel

Ibhadojemu Emmanuel

Ibhadojemu Lucky Emmanuel is a graduate of Education and Economics from the University of Benin. He has a passion for tech and business and has been writing professionally for over a period of five years. He's written across various topics and segments and knew tech-business was it when he first stumbled on it. He has a great passion for music and arts, and wants to visit as many countries as he can someday.

BROWSE BY CATEGORIES

Select Category

    Receive top tech news directly in your inbox

    subscription from
    Loading

    Freshly Squeezed

    • Affiniti Raises $17M for AI-Powered Small Business Finance May 22, 2025
    • Absolute Zero’ AI Achieves Top-Level Reasoning Without Human Data May 22, 2025
    • Penfold, a Digital Pension Fintech Company Raises £3.9m May 22, 2025
    • Lagos Introduces Drone Monitoring To Increase Security May 22, 2025
    • Samsung Wallet Adds Tap-to-Transfer for P2P Payments May 22, 2025
    • MTN Launches MoMo Pay for Informal Payments Market May 22, 2025

    Browse Archives

    May 2025
    MTWTFSS
     1234
    567891011
    12131415161718
    19202122232425
    262728293031 
    « Apr    

    Quick Links

    • About TechBooky
    • Advertise Here
    • Contact us
    • Submit Article
    • Privacy Policy

    Recent News

    Affiniti Raises $17M for AI-Powered Small Business Finance

    Affiniti Raises $17M for AI-Powered Small Business Finance

    May 22, 2025
    Absolute Zero’ AI Achieves Top-Level Reasoning Without Human Data

    Absolute Zero’ AI Achieves Top-Level Reasoning Without Human Data

    May 22, 2025
    Penfold, a Digital Pension Fintech Company Raises £3.9m

    Penfold, a Digital Pension Fintech Company Raises £3.9m

    May 22, 2025
    Lagos Introduces Drone Monitoring To Increase Security

    Lagos Introduces Drone Monitoring To Increase Security

    May 22, 2025
    Google Adds Anti-Theft Protection to Android Phones

    Samsung Wallet Adds Tap-to-Transfer for P2P Payments

    May 22, 2025
    MTN Launches MoMo Pay for Informal Payments Market

    MTN Launches MoMo Pay for Informal Payments Market

    May 22, 2025
    • Login

    © 2021 Design By Tech Booky Elite

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors
    • African
    • Artificial Intelligence
    • Gadgets
    • Metaverse
    • Tips
    • About TechBooky
    • Advertise Here
    • Submit Article
    • Contact us

    © 2021 Design By Tech Booky Elite

    Discover more from TechBooky

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok