2023-08-02 16:22:13 ET
- DoorDash press release ( NYSE: DASH ): Q2 GAAP EPS of -$0.44 misses by $0.01 .
- Revenue of $2.1B (+30.4% Y/Y) beats by $40M .
- Total Orders increased 25% Y/Y to 532 million and Marketplace GOV increased 26% Y/Y to $16.5 billion.
- Operating cash flow in Q2 2023 was $393 million and Free Cash Flow was $311 million. On a trailing 12-month basis, we generated operating cash flow of $1.0 billion and Free Cash Flow of $653 million.
- Financial Outlook: For Q3, Marketplace GOV of $15.8 billion - $16.2 billion; Adj. EBITDA of $220 million - $270 million.
- For FY23, Marketplace GOV of $64.2 billion - $65.2 billion; Adj. EBITDA of $750 million - $1.05 billion.
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DoorDash reports mixed Q2 earnings; initiates Q3 and raises FY23 outlook