As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the gig economy industry, including DoorDash (NASDAQ:DASH) and its peers.
The iPhone changed the world, ushering in the era of the “always-on” internet and “on-demand” services - anything someone could want is just a few taps away. Likewise, the gig economy sprang up in a similar fashion, with a proliferation of tech-enabled freelance labor marketplaces, which work hand and hand with many on demand services. Individuals can now work on demand too. What began with tech-enabled platforms that aggregated riders and drivers has expanded over the past decade to include food delivery, groceries, and now even a plumber or graphic designer are all just a few taps away.
The 6 gig economy stocks we track reported a mixed Q2. As a group, revenues were in line with analysts’ consensus estimates while next quarter’s revenue guidance was 11.2% below.
Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 5.8% since the latest earnings results.
Best Q2: DoorDash (NASDAQ:DASH)
Founded by Stanford students with the intent to build “the local, on-demand FedEx", DoorDash (NASDAQ:DASH) operates an on-demand food delivery platform.
DoorDash reported revenues of $4.45 billion, up 35.6% year on year. This print exceeded analysts’ expectations by 2.5%. Overall, it was an exceptional quarter for the company with an impressive beat of analysts’ EBITDA estimates and impressive growth in its requests.
DoorDash pulled off the biggest analyst estimate beat and fastest revenue growth in the group. The company reported 970 million service requests, up 27.5% year on year. Unsurprisingly, the stock is up 7.9% since reporting and currently trades at $223.60.
Read why we think that DoorDash is one of the best gig economy stocks, our full report is free.
Lyft (NASDAQ:LYFT)
Founded by Logan Green and John Zimmer as a long-distance intercity carpooling company Zimride, Lyft (NASDAQ: LYFT) operates a ridesharing network in the US and Canada.
Lyft reported revenues of $1.84 billion, up 16.1% year on year, outperforming analysts’ expectations by 1.9%. The business had a strong quarter with a solid beat of analysts’ EBITDA estimates and strong growth in its users.
The market seems content with the results as the stock is up 3.4% since reporting. It currently trades at $16.86.
Is now the time to buy Lyft? Access our full analysis of the earnings results here, it’s free.
Weakest Q2: Fiverr (NYSE:FVRR)
Based in Tel Aviv, Fiverr (NYSE:FVRR) operates a fixed price global freelance marketplace for digital services.
Fiverr reported revenues of $97.78 million, down 10% year on year, falling short of analysts’ expectations by 1.7%. It was a disappointing quarter as it posted full-year EBITDA guidance missing analysts’ expectations significantly and a decline in its buyers.
Fiverr delivered the weakest guidance update and weakest full-year guidance update among its peers. The company reported 2.7 million active buyers, down 20.6% year on year. As expected, the stock is down 18.5% since the results and currently trades at $9.45.
Read our full analysis of Fiverr’s results here.
Upwork (NASDAQ:UPWK)
Formed through the 2013 merger of Elance and oDesk, Upwork (NASDAQ:UPWK) is an online platform where businesses and independent professionals connect to get work done.
Upwork reported revenues of $191.7 million, down 1.7% year on year. This number beat analysts’ expectations by 0.9%. Taking a step back, it was a softer quarter as it recorded full-year EBITDA guidance missing analysts’ expectations significantly and revenue guidance for next quarter missing analysts’ expectations significantly.
Upwork achieved the highest guidance raise and highest full-year guidance raise of the whole group. The stock is down 7% since reporting and currently trades at $9.14.
Read our full, actionable report on Upwork here, it’s free.
Angi (NASDAQ:ANGI)
Created by IAC’s mergers of Angie’s List and HomeAdvisor, ANGI (NASDAQ: ANGI) operates the largest online marketplace for home services in the US.
Angi reported revenues of $248 million, down 10.9% year on year. This print came in 2.8% below analysts’ expectations. Overall, it was a mixed quarter for the company.
Angi had the weakest performance against analyst estimates and slowest revenue growth in the group. The stock is down 24.9% since reporting and currently trades at $4.67.
Read our full, actionable report on Angi here, it’s free.
Market Update
Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.
Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.
By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.
Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.