DoorDash experiences a 13% increase in stock price following a successful second-quarter revenue report.

• Wall Street's revenue expectations were surpassed by DoorDash, resulting in the company's shares popping in extended trading on Thursday.
• The company's revenue increased 23% to $2.63 billion.
• In the quarter, DoorDash experienced a 19% increase in total orders compared to the previous year, resulting in a grand total of 635 million orders.

On Thursday, shares of popped 13% in extended trading after the company reported second-quarter results that exceeded analysts' revenue expectations.

Here is how the company did, according to LSEG analysts' expectations:

• The expected loss of 9 cents may not be as great as the actual loss of 38 cents.
• Revenue: $2.63 billion vs. $2.54 billion expected

In the previous year, DoorDash's revenue increased by 23% from $2.13 billion to $2.61 billion, while its net loss narrowed to $157 million, or a loss of 38 cents per share, from $170 million, or a loss of 44 cents per share.

DoorDash reported a 20% increase in the total value of orders, or Marketplace GOV, to $19.71 billion in the quarter, while the delivery service company stated that it received 635 million total orders, up 19% year over year.

DoorDash anticipates reporting Marketplace GOV between $19.4 billion and $19.8 billion for its third quarter, which is higher than the analysts' expectation of $19.51 billion, according to StreetAccount estimates.

The company expressed satisfaction with its Q2 2024 financial performance, which resulted from years of investment and product-level focus that led to strong growth and improved unit economics in various business areas.

DoorDash will hold its quarterly call with investors at 5:00 p.m. ET.