DoorDash reported second-quarter results that exceeded analyst expectations, with revenue reaching $3.28 billion, surpassing the anticipated $3.17 billion. The company also reported adjusted earnings per share of $0.65, significantly higher than the expected $0.45. This strong performance was driven by a 20% year-over-year increase in total orders and a gross merchandise value of $24.2 billion, which also beat estimates. The positive results have led to a nearly 5% increase in DoorDash's stock during extended trading hours.

Looking ahead, DoorDash forecasts a gross merchandise value between $24.2 billion and $24.7 billion for the current quarter, exceeding Wall Street's estimate of $23.73 billion. The company attributes this optimistic outlook to robust demand for its delivery services, particularly in food and grocery sectors. Additionally, DoorDash's expansion into new product categories, including groceries and alcohol, has helped maintain consumer interest amid economic uncertainties.