DoorDash shares pop 13% on second-quarter revenue beat

DoorDash shares surged in after-hours trading following the release of the company’s second-quarter results. The revenue for the quarter came in at $2.63 billion, up 23% from the previous year. DoorDash reported a net loss of $157 million, compared to $170 million in the same period last year. The company received a total of 635 million orders during the quarter, representing a 19% increase year over year. DoorDash expects its Marketplace GOV to range between $18.8 billion and $19.4 billion in the third quarter. The company expressed satisfaction with its Q2 performance, attributing it to investment and product-level focus.