• 3 months ago
DoorDash announced its second-quarter results, surpassing analysts' revenue expectations. The food delivery service also reduced its net loss compared to the same period last year. DoorDash received over 600 million total orders, a significant increase from the previous year. DoorDash cited "years of investment and product-level focus" for its strong revenue growth and improved financial performance. Shares jumped 13% in after-hours trading following the earnings release.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02DoorDash announced its second quarter results surpassing analysts' revenue expectations.
00:07The food delivery service also reduced its net loss compared to the same period last
00:11year.
00:12DoorDash received over 600 million total orders during the period, a significant increase
00:16from the previous year.
00:18DoorDash cited years of investment and product-level focus for its strong revenue growth and improved
00:22financial performance.
00:24Shares jumped 13% in after-hours trading following the earnings release.
00:28For all things money, visit Benzinga.com.

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