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DoorDash Shares Surge Over 2.5% In Pre-Market — Here's Why - DoorDash (NASDAQ:DASH)
Benzinga· 2025-11-19 10:13
DoorDash Inc. (NASDAQ:DASH) shares rose 2.56% to $217.5 in pre-market trading on Wednesday, following a new partnership with Family Dollar, a discount retailer with roughly 7,000 U.S. stores.Check out the current price of DASH stock here. Partnership DetailsThe partnership, which was announced on Tuesday, allows customers to use the DoorDash app to order groceries, household goods, health products, and convenience items from Family Dollar stores.Chris Hooks, President and Chief Commercial Officer of Family ...
DASH Q2 Benefits From Strong Marketplace GOV: Time to Buy the Stock?
ZACKS· 2025-08-08 17:06
Core Insights - DoorDash's Marketplace Gross Order Value (GOV) increased by 23% year over year to $24.2 billion, surpassing the Zacks Consensus estimate by 2.67% [1][10] - The company reported earnings of 65 cents per share, compared to a loss of 38 cents per share in the same quarter last year, beating the Zacks Consensus Estimate by 54.76% [1][10] Revenue and Profitability - Revenues rose by 24.9% year over year to $3.28 billion, exceeding the consensus mark by 3.80% [2] - The net revenue margin improved to 13.5% in Q2 2025 from 13.3% in Q2 2024, driven by the increase in Marketplace GOV [2] Order Volume and Customer Engagement - Total orders increased by 20% year over year to 761 million, beating the Zacks Consensus Estimate by 1.36% [3][10] - Growth in total orders was supported by a rise in monthly active users and the expansion of membership programs like DashPass and Wolt+, leading to an all-time high in average order frequency [4] International Growth - Internationally, total orders grew at a faster pace than in the U.S., indicating the success of DoorDash's global expansion strategy [5] - The addition of new Wolt+ members in Q2 2025 further enhanced order frequency in international markets [5] Advertising Business Expansion - DoorDash's advertising business achieved an annualized revenue run rate exceeding $1 billion, driven by a focus on high merchant Return on Ad Spend (ROAS) and consumer conversion rates [6] - The acquisition of ad tech platform Symbiosys for $175 million enhances DoorDash's advertising capabilities, adding AI-powered tools and off-site capabilities [7] Market Position and Outlook - DoorDash holds a Zacks Rank 1 (Strong Buy), suggesting that investors should consider accumulating the stock [8]