DoorDash on Thursday said it received a record number of customer orders in the second quarter, boosted by resilient demand and its acquisition of Finnish delivery service Wolt Enterprises.
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DoorDash said orders grew 23% to 426 million in the April-June period, surpassing Wall Street's expectations. Analysts polled by FactSet forecast total orders of 419 million. The delivery company's gross order volume jumped 25% to $13 billion, also beating expectations.
Based on the strong results, San Francisco-based DoorDash raised its full-year order forecast. The company now expects gross order volumes between $51 billion and $53 billion, up from the $49 billion to $51 billion range it forecast earlier this year.
DoorDash shares jumped 13.5% in after-hours trading.
