In federal filings, DoorDash warned that its sales growth may not continue at the same pace once the pandemic subsides. The company did turn a profit of $23 million in the second quarter this year, but followed that with a $43 million loss in the third quarter. In Q3 2022, DoorDash reported a total revenue of 1.7 billion, which showed a 33.9 YoY increase and beat estimates by an astounding 70 million. It had a net loss of $667 million in 2019 and lost $149 million in the first nine months of 2020. DoorDash ( DASH -0.18) made a huge splash late last year with its IPO. Its chief rival, Uber Eats, controls 26%, while GrubHub controls 16%.ĭespite its market dominance, DoorDash has yet to post an annual profit. leader in restaurant delivery was one of the hottest IPOs of 2020, but tread cautiously. DoorDash reported revenue of $1.9 billion in the first nine months of 2020 alone.ĭoorDash pulled ahead of its rivals by focusing on suburbs and smaller cities. Its revenue more than tripled to $885 million between 20.īut lockdown orders and the closure of indoor dining have made DoorDash indispensable for many restaurants and diners this year. Powering that service are 1 million independent delivery drivers.ĭoorDash was already growing before the pandemic thanks to customers' growing preference for dining at home. DoorDash shares are trading lower in sympathy with Uber, which fell after reporting Q2 earnings. It now offers delivery from 390,000 merchants in the U.S., Canada and Australia. Q2 Revenue: 2.13 billion beat estimates of 2.05. Customers have placed more than 900 million orders since then. 2 days ago &0183 &32 DoorDash Inc DASH shares are trading higher in Wednesdays after-hours session after the company reported mixed second-quarter financial results.

Starting Wednesday morning, DoorDash will trade on the New York Stock Exchange under the symbol DASH.ĭoorDash was founded in 2013, when CEO Tony Xu and some classmates at Stanford University set up a website and posted local menus. The San Francisco-based company raised $3.4 billion in its offering. The price was higher than the company's most recent target price of $90 to $95 a share, reflecting investor enthusiasm for the initial public offering. DoorDash has priced its shares at $102 apiece heading into its stock market debut Wednesday, valuing the 7-year-old food delivery company at nearly $39 billion.

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