SAN FRANCISCO, CA - I know that I trust DoorDash with my grocery delivery over other services. This preference seems to extend beyond me, if the success of the grocery partner’s second quarter 2024 financial results are anything to go by.
“In Q2 2024, we set new quarterly records for Total Orders, Marketplace GOV, and revenue with year-over-year (Y/Y) growth in revenue that exceeded Y/Y growth in Marketplace GOV for the tenth consecutive quarter,” the company said in a release. “Our aim is to build a large and durable business by building services that expand the potential of local commerce. Our core competencies in that pursuit are customer obsession, attention to detail, and effort. We are very pleased with our financial performance in Q2 2024, as it reflects years of investment and product-level focus that drove strong growth and improved unit economics in several major areas of our business.”
The release highlighted several operational wins, which are as follows:
- Total Orders increased 19 percent Y/Y to 635 million and Marketplace GOV increased 20 percent Y/Y to $19.7 billion
- Revenue increased 23 percent Y/Y to $2.6 billion and Net Revenue Margin increased to 13.3 percent from 13.0 percent in Q2 2023
- GAAP net loss including redeemable non-controlling interests was $158 million compared to $172 million in Q2 2023, and Adjusted EBITDA increased to $430 million from $279 million in Q2 2023
To see more, click here.
“We are also pleased that we were able to drive more sales to more merchants than ever before, generate more earnings opportunities for Dashers than ever before, and connect more DashPass members to more of the local merchants they love than ever before,” the company went on to note. “Our opportunity to strengthen local commerce is large, and we hope to continue setting new records for these metrics in the quarters, years, and decades to come.”
Keep reading AndNowUKnow as we cover the latest across all things retail!
