DoorDash Inc. reported on Wednesday that its revenue soared 33% year over year and reached $2.13 billion in the second fiscal quarter of 2023.
Total orders stood at 532 million in the three months that ended June 30, 2023, rising 25% from the same period in 2022. GAAP gross profit advanced 5.8% to $951 million and diluted net loss per share attributable to common stockholders was $0.44 in the second trimester of 2023, down 39% year on year.
The company said it "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 [earnings before interest, taxes, depreciation, and amortization]." DoorDash stock was 5.21% higher in extended trading.
