Benzinga | May 13, 2021 04:30PM EDT

DoorDash Sees Q2 Marketplace GOV $9.4B-$9.9B, FY21 Marketplace GOV $35B-$38B

Q2 and Full Year 2021 Outlook

We expect Q2 Marketplace GOV to be in a range of $9.4 billion to $9.9 billion, with Q2 Adjusted EBITDA in a range of $0 million to $100 million. While we do not guide to Take Rate, as this is not a metric we manage toward, we currently expect our Take Rate to increase sequentially in Q2.

We expect 2021 Marketplace GOV to be in a range of $35.0 billion to $38.0 billion, with 2021 Adjusted EBITDA in a range of $0 million to $300 million.

Our outlook for both Q2 and 2021 anticipates the successful rollout of COVID-19 vaccines and an associated increase in in-store dining rates, as well as a seasonal decline in order rates associated with the warmer summer months. While we observed encouraging trends in Q1, we caution investors that the outlook for 2021 remains highly uncertain as consumer behavior could deviate from the expectations included in our guidance.