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DoorDash stock surges amid mixed Q2 earnings report

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Yahoo Finance's Allie Garfinkle reports on DoorDash's second-quarter earnings report featuring a revenue beat.

Video Transcript

DAVE BRIGGS: All right, another earnings alert. You're seeing DoorDash shares, after hours, rising up 17% on their earnings. Allie Garfinkle has the report. What are you seeing?

ALLIE GARFINKLE: So from DoorDash today, we have mixed results, Dave. Loss per share is $0.72 versus-- which is worse than expected. And revenue is at $1.6 billion actual versus $1.5 billion expected. So that revenue is really good news for DoorDash, Dave.

Company watchers are, you know, kind of came into this round of earnings believing that DoorDash's outlook was pretty mixed. But this is showing that delivery demand is resilient. And it's worth saying, too, that DoorDash is operating in a really competitive market. Grubhub, this month, actually announced a partnership with Amazon, which much of Wall Street things could result in Amazon making a pretty big dent in the food delivery market.

So competitive environment, mixed results, but that revenue number is big for DoorDash. Shares are responding. They're up on the news.

DAVE BRIGGS: Yeah, revenue up 30% year over year. Total orders up 23% year over year to $426 million. Allie Garfinkle, thank you so much.