Q2 2025 Earnings — Results of Operations, Reg FD Disclosure

Record Q2 across every key metric: revenue hit $3.3B (+25% Y/Y), GAAP net income swung to $285M from a $157M loss a year ago, and Adjusted EBITDA jumped 52% to $655M. The acceleration is broad-based — U.S. order frequency hit an all-time high, international orders are growing even faster, and improving unit economics signal DoorDash is scaling profitably rather than buying growth.