DoorDash press release (NYSE:DASH): Q2 GAAP EPS of -$0.44 misses by $0.01.
Revenue of $2.1B (+30.4% Y/Y) beats by $40M.
Total Orders increased 25% Y/Y to 532 million and Marketplace GOV increased 26% Y/Y to $16.5 billion.
Operating cash flow in Q2 2023 was $393 million and Free Cash Flow was $311 million. On a trailing 12-month basis, we generated operating cash flow of $1.0 billion and Free Cash Flow of $653 million.
Financial Outlook: For Q3, Marketplace GOV of $15.8 billion – $16.2 billion; Adj. EBITDA of $220 million – $270 million.
For FY23, Marketplace GOV of $64.2 billion – $65.2 billion; Adj. EBITDA of $750 million – $1.05 billion.
