DoorDash had a fine quarter with total orders growing ~27% YoY (~17% ex Deliveroo) and marketplace Gross Order Value (GOV) growing ~36% YoY (~23% ex Deliveroo). More importantly, GOV in US restaurant category slightly accelerated in 2Q’26 primarily due to DashPass membership.
Speaking of DashPass, management shared some interesting details about its trajectory. I will discuss more granular aspects of the quarter, including the per order economics, as well as a portfolio change behind the paywall.
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