Investing.com -- DoorDash Inc (NASDAQ: DASH) shares climbed 13% in after-hours trading on Wednesday following the release of its first-quarter financial results. The delivery giant reported diluted earnings per share of $0.42, surpassing the $0.37 consensus estimate provided by analysts.

Total revenue for the period ending March 31, 2026, reached $4.04 billion, marking a 33% increase from the previous year. While growth remained robust, the top-line figure fell slightly short of the $4.15 billion projected by Wall Street.

Marketplace Gross Order Value (GOV) surged 37% year-over-year to reach $31.6 billion during the first quarter. Total orders followed a similar trajectory, increasing 27% to 933 million as consumer demand remained healthy.

GAAP net income attributable to common stockholders landed at $184 million, representing a 5% decline from the $193 million reported in the same period last year. Adjusted EBITDA rose 28% to $754 million, though it softened slightly from the $780 million recorded in the fourth quarter of 2025.

The company attributed much of its momentum to record membership signups and a new high for monthly active users. Integration efforts with Deliveroo also contributed significantly, with Marketplace GOV growing 24% when excluding the impact of the acquisition.

Management noted that U.S. grocery and retail categories attracted more new consumers this quarter than in any previous period. Additionally, the company is transitioning to a single global technology platform to streamline its international operations across three marketplace brands.

For the second quarter of 2026, DoorDash anticipates Marketplace GOV to fall between $32.4 billion and $33.4 billion. Adjusted EBITDA is projected to range from $770 million to $870 million for the upcoming period.

The company expects its Deliveroo segment to contribute approximately $200 million to adjusted EBITDA for the full year. Meanwhile, the board continues to utilize a $5.0 billion share repurchase authorization, with $4.795 billion remaining as of early May.