MW Consumers are ordering more deliveries, says DoorDash. The stock is surging.

By James Rogers

'Food is the most resilient category and most sought-after category for convenient consumptions,' said DoorDash CEO Tony Xu

DoorDash reported second-quarter results after market close Wednesdsay.

DoorDash Inc. has set a new quarterly record for orders, helping the online food-delivery company's second-quarter revenue and earnings top Wall Street's estimates.

Lifted by the company's better-than-expected results and outlook, DoorDash shares $(DASH)$ were up more than 7% in extended trading Wednesday.

For the quarter ended June 30, the delivery app's total orders increased 20% year over year to 761 million, offering the latest glimpse into consumer spending. Analysts surveyed by FactSet were looking for total orders of 750 million.

"Food is the most resilient category and most sought-after category for convenient consumptions," DoorDash Chief Executive Tony Xu said during a conference call to discuss the results, according to a FactSet transcript. "If you just think about the fact that it is the activity in which we engage with three times a day, 20 to 25 [times] a week and more than 100 times a month - and then now you include all of the shopping categories and use cases outside of food that DoorDash has been pursuing for the last five years."

Earlier Wednesday, fast-food giant McDonald's Corp. $(MCD)$ said that customers were spending more money per visit. However, Chipotle Mexican Grill Inc. $(CMG)$ recently said that consumer confidence took a hit during the second quarter.

DoorDash's revenue increased 25% year over year to $3.3 billion, topping the FactSet consensus estimate of $3.2 billion. The San Francisco-based company earned 65 cents a share on net income of $285 million, after a loss of 38 cents a share and a net loss of $157 million in the prior year's quarter. Analysts surveyed by FactSet were looking for earnings of 44 cents a share. The results marked DoorDash's second straight earnings beat.

The company's Marketplace gross order value (GOV), which is the dollar value of orders made on the DoorDash platform, grew 23% year over year to $24.2 billion, beating the FactSet consensus estimate of $23.6 billion. Marketplace refers to pickup and delivery on the DoorDash app.

In addition to total orders, DoorDash set new quarterly records for revenue, net income and Marketplace GOV during the second quarter.

For the ongoing third quarter, DoorDash projected that Marketplace GOV will be between $24.2 billion and $24.7 billion. Analysts surveyed by FactSet are looking for third-quarter GOV of $23.8 billion.

DoorDash shares were up 53.9% in 2025 through Wednesday's close, outpacing the S&P 500 index's SPX gain of 7.9%.

-James Rogers

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August 06, 2025 18:24 ET (22:24 GMT)

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