DoorDash said Thursday that it set records for orders and revenue in the second quarter, growth that came despite slowing U.S. restaurant traffic.
The San Francisco-based delivery company said its total orders rose 19% to 635 million in the April-June period. That was ahead of the 625 million Wall Street expected, according to analysts polled by FactSet.
DoorDash said revenue rose 23% to $2.6 billion, which also exceeded analysts' forecast of $2.5 billion.
Its stock jumped 11% in after-hours trading.
U.S. restaurant demand has weakened in recent months as many inflation-weary consumers opt to cook at home. Circana, a market research firm, said restaurant traffic was down 2.6% in the first half of the year.
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