🔹 Revenue: $3.28B (Est. $3.16B) 🟢; UP +25% YoY
🔹 EPS: $0.65 (Est. $0.43) 🟢
🔹 Orders: 761M; +20% YoY
🔹 GOV: $24.2B (Est. $23.58B) 🟢; +23% YoY
Q3 Outlook
🔹 GOV: $24.2B–$24.7B (Est. $23.73B) 🟢
🔹 Adj. EBITDA: $680M–$780M
Other Q2 Metrics:
🔹 Adj. EBITDA: $655M; +52% YoY
🔹 Net Income: $285M (vs. $(157)M YoY)
🔹 Net Rev. Margin: 13.5% (vs. 13.3% YoY)
🔹 FCF: $355M (vs. $451M YoY)
🔹 Op Cash Flow: $504M
Other Updates
🔸 Passed 10B lifetime orders
🔸 DashPass drove record order frequency
🔸 Wolt+ hits record member adds
🔸 No repurchases yet under $5B buyback plan
Operational Commentary
🔸 U.S. restaurant category showed notable strength
🔸 Retention rates improved YoY in both U.S. and new verticals
🔸 International unit economics improved YoY and QoQ
🔸 Continuing investments in international and non-restaurant categories