Independent Operators

DoorDash posts hefty loss on Q2 2021 revenue gain

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August 17, 2021

DoorDash Inc., the food delivery service, reported a hefty loss on higher revenue for the second quarter ending June 30, 2021, according to a press release.

Revenue jumped 83% from $675 million in Q2, 2020 to $1.236 billion in Q2, 2021 while net income fell from $23 million to a $102 million loss in the comparative quarters.

The quarterly revenue surpassed analyst expectations of $1.1 billion, according to Marketwatch, while the $102 million loss was larger than the $74.6 million analysts expected, according to FactSet.

The company expects marketplace gross order value between $9.3 billion and $9.8 billion in the third quarter, a drop from the second quarter.

For the full year, the company expects the figure to be between $39 billion and $40.5 billion

The company's outlook for adjusted Ebitda ranges from 0- $100 million for the third quarter, and $150 million-$350 million for the full year.

Shares traded at $187.67 today against a 52-week range of $110.13-$256.09.