$Doordash(DASH.US) (+4% AH) beat 2Q estimates, and gave stronger than expected 3Q guidance. The U.S. restaurant delivery industry continues to consolidate into an oligopoly consisting of DoorDash and UberEats.
2Q:- Marketplace GOV $24.2B vs $23.6B est- Orders 761M vs 749M est- Revs $3.28B vs $3.17B est- Adj EBITDA $655M vs $639M est- EPS $.65 vs $.45 est3Q guidance:- Marketplace GOV $24.2B - $24.7B vs $23.8B est- Adj EBITDA $680M - $780M vs $719M estThe copyright of this article belongs to the original author/organization.
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