$Doordash(DASH.US) +11% AH as 2Q gross order value guidance exceeded expectations and 1Q results came in line. This is similar to $Uber Tech(UBER.US) who also guided higher for 2Q gross bookings after posting in-line results for 1Q.
2Q Guidance:- Marketplace gross order value $32.4B - $33.4B vs $32.25 billion est.- Adj Ebitda $770M-$870M vs $830M est.1Q Results:- Marketplace gross order value $31.6B +37% y/y, vs $31.21B est- Rev $4.04B, +33% y/y, vs $4.15B est- EPS 42c vs. 37c est- Adj Ebitda $754M vs $741.4M est- Adj gross margin 51.9% vs. 51.1% est- Orders 933M vs 942.25M est- Free cash flow $420M vs $631.2M estCOMMENTARY AND CONTEXT- We continue to expect Deliveroo to contribute approximately $200 million to our Adjusted EBITDA in 2026"- 2Q EBiTDA guidance included gross cost of the Dasher gas relief program of $50M, funded at least partially by adjusting investments in other areaDASH continues to look compelling at a FY’26 P/E of 33x and FY’26 EV/EBITDA of 19x, vs 5-year forward rev growth of +20% CAGR and 5-year forward EBITDA growth of +25% CAGR.Conf call 430pm ETThe copyright of this article belongs to the original author/organization.
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