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DoorDash increased the number of partner merchants supported across multiple categories, generated more earnings for more Dashers than in any previous quarter, and served more consumers than it ever had.
Contribution profit rose 736% Y/Y to $209 million. The margin expanded 1,240 basis points to 19.4%. As a proportion of Marketplace GOV, the margin expanded 130 basis points to 2.1%.
Total orders rose 219% Y/Y to 329 million. Orders from non-restaurant categories rose by over 40% Q/Q.
Marketplace GOV rose 222% Y/Y to $9.9 billion.
Adjusted EBITDA was $43 million compared to ($70 million) loss in the year-ago period. The margin improved from a negative (19.3%) to a positive 4%.
Related content: Benzinga's Full Guidance Calendar
EPS loss of $(0.34) missed the analyst consensus loss of $(0.26).
DoorDash generated $166 million in operating cash flow and held $4.5 billion in cash and equivalents.
Guidance: DASH sees a Q2 Marketplace GOV guidance of $9.4 billion - $9.9 billion, and Adjusted EBITDA guidance of $0 - $100 million.
It sees an FY21 Marketplace GOV guidance of $35 billion - $38 billion and an Adjusted EBITDA guidance of $0 - $300 million.
Price action: DASH shares traded higher by 8.23% at $125 in the premarket session on the last check Friday.
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