![]() ![]() We expect this to contribute to accelerated Y/Y growth in Total Orders and revenue in Platform Services in the second half of 2023, as we anniversary the end of a large partnership. However, merchant demand for our services has remained strong. Total Orders from Platform Services grew modestly on a Y/Y basis in Q2 2023. grocery categories, as well as in many of our international markets during the quarter. Based on third-party data, we believe we gained share in the U.S. Our consumer cohorts performed well in Q2 2023, which contributed to strong Y/Y growth in MAU and drove order frequency to a new all-time high. non-restaurant categories and international markets. restaurant marketplace, and accelerated Y/Y growth in our U.S. ![]() On a pro forma basis, including the results from Wolt for both periods, Y/Y growth in Total Orders accelerated slightly in Q2 2023 compared to Q1 2023, driven by stable Y/Y growth in our U.S. On a pro forma basis in Q2 2023, including the results from Wolt for both periods, we drove Total Orders up 18% Y/Y, Marketplace GOV up 20% Y/Y, and revenue up 27% Y/Y. On a reported basis in Q2 2023, we drove Total Orders up 25% Y/Y, Marketplace GOV up 26% Y/Y, and revenue up 33% Y/Y. The cumulative impact of these improvements, along with effective execution and durable end markets, drove strong growth and improved efficiency in Q2 2023. We focus on steadily improving the quality of experience we offer to consumers, merchants, and Dashers. GAAP Net Loss including redeemable non-controlling interests as a % of Marketplace GOVĪdjusted EBITDA as a % of Marketplace GOVīasic shares, options and RSUs outstanding as of period end GAAP Net Loss including redeemable non-controlling interests GAAP Gross Profit as a % of Marketplace GOVĬontribution Profit as a % of Marketplace GOV GAAP net loss including redeemable non-controlling interests was $172 million compared to $263 million in Q2 2022, and Adjusted EBITDA increased to $279 million from $103 million in Q2 2022.Revenue increased 33% Y/Y to $2.1 billion and Net Revenue Margin increased to 13.0% from 12.3% in Q2 2022.Total Orders increased 25% Y/Y to 532 million and Marketplace GOV increased 26% Y/Y to $16.5 billion.Second Quarter 2023 Key Financial Metrics We are excited by our progress so far in 2023 and are already hard at work building more features, tools, and services that can improve local commerce. At the same time, we maintained our focus on operational efficiency and disciplined expense management, which drove an improvement to our Q2 2023 GAAP net loss including redeemable non-controlling interests versus Q2 2022 and contributed to all-time high Adjusted EBITDA. Q2 2023 was our best quarter ever for Total Orders, Marketplace GOV, and revenue. In addition to our financial results below, our letter to shareholders is available on the DoorDash investor relations website at. (NYSE: DASH) today announced its financial results for the quarter ended June 30, 2023. ![]()
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