DoorDash (DASH.US) soars after earnings report! Q1 member registrations reach record high, Q2 guidance exceeding expectations underscores continued strong demand.

The first quarter financial report released by the American takeout platform DoorDash (DASH.US) shows that revenue increased by 33% year-on-year to $4.04 billion, which is lower than the analysts' average expectation of $4.15 billion. Analysts believe the reason is the lower platform commission rate; earnings per share were $0.42, better than the analysts' average expectation of $0.36. The total number of orders increased by 27% year-on-year to 933 million. The total order value of the market platform-which includes the total value of all orders completed in its various markets, including taxes, fees, tips, and membership fees-increased by 37% year-on-year to $31.6 billion, higher than the analysts' expectation of $31.5 billion. DoorDash stated that in the first quarter, the number of new takeout customers in the United States increased year-on-year, and the ordering frequency of mature users also increased, driving the total order value higher than market expectations. DoorDash achieved a record number of member registrations in the first quarter. The company stated that driven by new user registrations and a decrease in customer churn rate, the DashPass membership in the United States accelerated its growth. In international markets, the DashPass, Wolt+, and Deliveroo Plus membership also experienced growth. DoorDash expects the total order value of the market in the second quarter to be between $32.4 billion and $33.4 billion, higher than the analysts' average expectation of $32.3 billion, showing that consumer demand for its services in the United States and international markets remains strong. Chief Financial Officer Ravi Inukonda told analysts in a post-earnings conference call that the second quarter started well, and after setting monthly records for active users and member registrations earlier this year, "demand remains quite strong." Chief Executive Officer Tony Xu told analysts that in Europe, Deliveroo-the British takeout company acquired by the company in October 2025-"is experiencing the highest growth rate in the past four years." He also added that Wolt has achieved the highest market share performance in every country where it operates. This momentum is crucial for supporting DoorDash's long-term plans. The company currently operates the largest takeout delivery app in the United States, and its strategies include international expansion, automated delivery with Siasun Robot&Automation, and new delivery categories such as groceries, electronics, clothing, and automotive parts. These areas face increasing competition from Uber Technologies, Inc. (UBER.US), which is also increasing its investments in similar areas to seek growth. In addition, DoorDash expects adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) in the second quarter to be between $770 million and $870 million, with the midpoint of the forecast range slightly lower than the market average expectation. The company stated that the cost of providing fuel subsidies to delivery drivers in the second quarter due to the impact of the Middle East war will exceed $50 million. According to the statement, the company expects to "partially offset these expenses by adjusting investments in other areas." As of the time of writing, DoorDash's stock rose more than 11% in after-hours trading on Wednesday.