The calculations don’t lie. DoorDash is now worth a whopping $100 billion after its delightful earnings and revenue report earlier today. Ridesharing Forum made sure it is part of the action.
Better-than-expected
Even ridesharing media are raving about it. The shares of one of the world’s biggest food delivery apps, DoorDash, climbed to five percent in extended trading Wednesday, reporting better-than-expected earnings and revenue for the second quarter – something that no other apps of this type have done in the past.
Here’s how experts are putting it:
- Earnings per share: 65 cents compared with 44 cents expected
- Revenue: $3.28 billion compared with $3.16 billion expected
“In Q2 2025, we generated new quarterly records for Total Orders, Marketplace GOV, Revenue, and GAAP net income. In Q2 2025, we also celebrated passing 10 billion lifetime orders globally. We are proud of how far we have come and the work that has gone into building a platform that now serves hundreds of thousands of merchants, tens of millions of consumers, and millions of Dashers across over 30 countries every month. Our progress reflects our team’s innovation, operational excellence, and hard work, and we intend to continue investing to expand the scale, scope, and capabilities of our business going forward,” DoorDash told the Ridesharing Forum team.
Here’s how DoorDash is putting it. First, revenue jumped 25 percent from just $2.63 billion the previous year.
They also reported a net income of $285 million, or 65 cents a share, despite recording a loss of $157 million, or 38 cents a share, during the same time a year ago.
Furthermore, orders increased 20 percent from last year to a whopping 761 million. Meanwhile, gross order value, or GOV, rose 23 percent to $24.2 billion.
Here are more details:
- Total Orders increased 20% year-over-year (Y/Y) to 761 million.
- Marketplace GOV increased 23 percent Y/Y to $24.2 billion.
- Revenue soared 25 percent Y/Y to $3.3 billion. Net Revenue Margin was 13.5%, up from 13.3 percent in Q2 2024.
- GAAP net income (loss) attributable to DoorDash, Inc. common stockholders increased to $285 million from $(157) million in Q2 2024.
- Adjusted EBITDA increased 52 percent Y/Y to $655 million from $430 million in Q2 2024.
Set for the third quarter
The shares of DoorDash soared to 54 percent this year as of Wednesday’s report, lifting the app’s market cap to $109 billion. In 2025, the Nasdaq is up almost 10 percent.
Thus, for the third quarter, its expectations are high, with marketplace GOV of $24.2 billion to $24.7 billion, and adjusted earnings of between $680 million and $780 million.
The expectations and anticipations are high, but the company is ready to justify this, thanks to significant levels of investments pouring in. One example that started this was its acquisition of Deliveroo and SevenRooms, which this team has previously reported.
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