NASDAQ$DASH
DoorDash Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
DoorDash's Total Orders, Marketplace GOV, and revenue reached record highs, while operational efficiency drove improved GAAP net loss and all-time high Adjusted EBITDA.
DoorDash reported a strong Q2 2023 with significant growth in Total Orders, Marketplace GOV, and revenue. The company also improved its GAAP net loss and achieved an all-time high in Adjusted EBITDA, demonstrating operational efficiency and disciplined expense management.
- Total Orders increased by 25% Y/Y to 532 million.
- Marketplace GOV increased by 26% Y/Y to $16.5 billion.
- Revenue increased by 33% Y/Y to $2.1 billion.
- GAAP net loss was $172 million, an improvement compared to $263 million in Q2 2022.
Headline financials
Revenue & EPS history
DoorDash · Revenue · Quarterly
$2.13B
Forward guidance
DoorDash provided financial outlook for Q3 2023 and full year 2023.
Tailwinds
- Expects Q3 Marketplace GOV to be between $15.8 billion and $16.2 billion.
- Expects Q3 Adjusted EBITDA to be between $220 million and $270 million.
- Anticipates significant levels of ongoing investment in new categories.
- Anticipates significant levels of ongoing investment in international markets.
- Expects stock-based compensation expense for the second half of 2023 to be between $600 million and $620 million.
Headwinds
- Consumer spending in any of our geographies could deteriorate relative to our outlook, which could drive results below our expectations.
- Increasing international exposure heightens risks associated with operating in foreign markets, including geopolitical and currency risks.
- Changes in the international operating environment could negatively impact results versus our current outlook.
- We have not provided GAAP net loss outlook or a reconciliation of Adjusted EBITDA to GAAP net loss as a result of the uncertainty regarding reconciling items.
- Material changes to reconciling items could have a significant effect on future GAAP results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
+1.3%
Avg return
Earnings day
+1.3%
Avg return
5 days after
-0.0%
Avg return
30 days after
56%
14 / 25 earnings
Positive
+24.9%
Q1 2021
Best reaction
-17.4%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.4% | -5.8% | -5.6% | |
| Q4 2025 | -0.6% | -5.2% | -9.7% | |
| Q3 2025 | -17.4% | -15.7% | -5.5% | |
| Q2 2025 | +5.0% | +2.4% | -4.4% | |
| Q1 2025 | -7.5% | -10.7% | +5.1% | |
| Q4 2024 | +4.0% | +10.5% | -5.0% | |
| Q3 2024 | +1.0% | +1.3% | +16.3% | |
| Q2 2024 | +5.9% | +10.8% | +16.2% | |
| Q1 2024 | -11.6% | -9.0% | -14.8% | |
| Q4 2023 | -3.3% | -3.8% | +8.8% | |
| Q3 2023 | +17.1% | +18.8% | +28.9% | |
| Q2 2023 | -1.3% | -2.6% | -2.9% | |
| Q1 2023 | +0.9% | +7.9% | +8.9% | |
| Q4 2022 | -9.3% | -14.8% | -12.5% | |
| Q3 2022 | +14.3% | +20.9% | +22.3% | |
| Q2 2022 | +1.0% | -8.1% | -26.8% | |
| Q1 2022 | -11.7% | -16.1% | -16.7% | |
| Q4 2021 | +3.2% | -5.5% | +5.4% | |
| Q3 2020 | +18.4% | +26.4% | -17.7% | |
| Q3 2021 | +10.9% | +27.3% | -14.6% | |
| Q2 2020 | -0.3% | +1.8% | +11.8% | |
| Q2 2021 | +2.2% | -2.5% | +10.4% | |
| Q1 2021 | +24.9% | +22.6% | +36.4% | |
| Q4 2019 | -11.1% | -9.5% | -11.2% | |
| Q4 2020 | -3.9% | -8.9% | -24.0% |
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