DoorDash revenue jumps 36% in Q2 as orders surge, AI investments gather pace

Investing.com -- DoorDash reported strong second-quarter results on Wednesday, with revenue rising 36% year over year as order growth remained robust across its restaurant, grocery and international businesses, helped by the integration of Deliveroo and continued strength in its subscription program.

The food delivery company posted revenue of $4.45 billion for the quarter ended June 30, while Marketplace Gross Order Value (GOV) climbed 36% to $33.1 billion and total orders increased 27% to 970 million. Adjusted EBITDA rose 40% to $914 million, exceeding the company's expectations, although GAAP net income fell 30% from a year earlier to $200 million.

DoorDash said its U.S. restaurant business maintained accelerating GOV growth, supported by expanding DashPass memberships, while its grocery and retail categories delivered strong growth alongside improved unit economics. International operations also showed steady momentum, with Deliveroo accelerating growth in monthly active users and orders.

The company highlighted progress on strategic initiatives, including the rollout of its global technology platform and new AI-powered features aimed at improving personalization, merchant onboarding and delivery routing. It also launched "Ask," an AI assistant designed to help consumers discover restaurants and build grocery baskets more efficiently. DoorDash said it expects the new global technology platform to be fully deployed in the first half of 2027.

DoorDash also expanded its autonomous delivery efforts, saying its land-based robot "Dot" is expected to deliver a high single-digit percentage of orders in its largest test market by year-end. The company recently received Federal Aviation Administration Part 135 certification, allowing it to expand testing of drone deliveries under its DoorDash Air initiative.

For the third quarter, DoorDash forecast Marketplace GOV of $33.0 billion to $34.0 billion and adjusted EBITDA of $950 million to $1.1 billion. The company said it expects profitability margins to improve sequentially in the third quarter before moderating in the fourth quarter as it increases investments in its global technology platform and autonomy initiatives.

You May Also Be Interested In

• Rosenblatt Starts DoorDash Inc. (DASH) at Buy
• Samsara Inc (IOT) Tops Q2 EPS by 4c, Beats on Revenue; Offers Q3 Guidance
• Circana and DoorDash Partner to Validate Incremental Sales for CPG Brands