The earnings call highlighted strong growth in key areas like marketplace orders, advertising revenue, and international expansion. However, challenges remain in further improving the product and managing operating expenses. The sentiment is largely positive due to significant achievements in growth and expansion.

Company Guidance -

Q3 2025

During the DoorDash Q2 2025 earnings call, the company provided several key metrics and insights related to its operations and future guidance. The discussion highlighted the company's continued growth in the U.S. marketplace, with orders accelerating year-over-year, attributed to DashPass membership growth, increased order frequency, and improvements in personalization and delivery speed. The advertising segment has surpassed $1 billion in annualized revenue run rate, with a focus on scaling both on-platform and off-site ads post-Symbiosys acquisition. The company also reported progress in new verticals, growing faster than the core restaurant business, with an increase in selection, quality, and affordability driving consumer engagement. International operations, particularly through Wolt, have shown strong growth in both users and order frequency, with Wolt+ subscription uptake outpacing DashPass. The net revenue margin expanded due to improved Dasher costs, reduced credits and refunds, and a larger contribution from the ads business. Additionally, DoorDash's investment in AI is aimed at enhancing user experience and operational efficiencies. The company remains focused on maximizing long-term margin dollars rather than short-term unit margins, with strategic investments in new verticals and markets expected to continue driving growth.

U.S. Marketplace Order Growth

There was acceleration in U.S. marketplace orders year-over-year, driven by DashPass membership growth and product improvements.

Advertising Revenue Milestone

Advertising revenue has exceeded $1 billion in annualized revenue run rate, marking a significant achievement in a short time frame.

New Verticals Growth

New verticals are growing faster than the core restaurant business, with increased selection, quality, and affordability driving user engagement.

DashPass and Wolt+ Subscription Growth

DashPass continues to see record growth, with older cohorts engaging more frequently. Wolt+ is growing faster than DashPass did at the same stage.

International Business Expansion

International MAUs hit an all-time high, with strong growth in both users and order frequency, contributing positively to the bottom line.

DoorDash (DASH) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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DASH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.68 / -	0.38	―	―	―
Aug 06, 2025	2025 (Q2)	0.44 / 0.65	-0.38	271.05% (+1.03)	―
May 06, 2025	2025 (Q1)	0.39 / 0.44	-0.06	833.33% (+0.50)	―
Feb 11, 2025	2024 (Q4)	0.34 / 0.33	-0.39	184.62% (+0.72)	―
Oct 30, 2024	2024 (Q3)	0.20 / 0.38	-0.19	300.00% (+0.57)	―
Aug 01, 2024	2024 (Q2)	-0.09 / -0.38	-0.44	13.64% (+0.06)	―
May 01, 2024	2024 (Q1)	-0.03 / -0.06	-0.41	85.37% (+0.35)	―
Feb 15, 2024	2023 (Q4)	-0.13 / -0.39	-1.65	76.36% (+1.26)	―
Nov 01, 2023	2023 (Q3)	-0.40 / -0.19	-0.77	75.32% (+0.58)	―
Aug 02, 2023	2023 (Q2)	-0.41 / -0.44	-0.72	38.89% (+0.28)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DASH Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$258.08	$270.99	+5.00%
May 06, 2025	$205.40	$190.11	-7.44%
Feb 11, 2025	$193.09	$200.89	+4.04%
Oct 30, 2024	$155.25	$156.70	+0.93%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.