DoorDash said Total Orders for Q2 2024 rose 19% year over year to 635 million, Marketplace GOV rose 20% to $19.7 billion, and revenue rose 23% to $2.6 billion.

1. 01

   DoorDash said Total Orders for Q2 2024 rose 19% year over year to 635 million, Marketplace GOV rose 20% to $19.7 billion, and revenue rose 23% to $2.6 billion.

2. 02

   The company said its GAAP net loss including redeemable non-controlling interests for Q2 2024 was $158 million (Q2 2023: $172 million), and its Adjusted EBITDA was $430 million (Q2 2023: $279 million).

3. 03

   The company said its GAAP general and administrative expense for Q2 was $494 million, up 45% from $341 million a year earlier. It cited higher office lease impairment expenses of $83 million and higher legal, tax, and regulatory expenses of $44 million, including $85 million in litigation reserves recognized, as factors behind the year-over-year increase.

4. 04

   The company said it generated net cash provided by operating activities of $530 million and Free Cash Flow of $451 million in Q2. For Q3, it expects Marketplace GOV of $19.4 billion to $19.8 billion and Adjusted EBITDA of $470 million to $540 million.

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Original filing

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