Doordash shares jumped 6% following Q1 results and raised outlook.
Total Orders increased 23% year-over-year to $404 million, and Marketplace GOV increased 25% year-over-year to $12.4 billion, with over $8.7 billion generated in sales for merchants and over $3.2 billion in earnings for Dashers.
The company expects Q2 Marketplace GOV in the range of $12.1-$12.5 billion, and adjusted EBITDA in the range of $0-$100 million.
For the full 2022-year, the company expects Marketplace GOV in the range of $49.0-$51.0 billion (vs. $48.0-$50.0 billion prior) and adjusted EBITDA in the range of $0-$500 million.
The company expects the Wolt transaction to close in Q2.
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