DoorDash orders surge 24% in the third quarter, helping to narrow the delivery app’s losses
1 year, 1 month ago

DoorDash orders surge 24% in the third quarter, helping to narrow the delivery app’s losses

Associated Press  

DoorDash powered past sales and earnings expectations in the third quarter, saying a growing mix of stores and faster service is drawing customers in the U.S. and abroad. The San Francisco delivery company said Wednesday its total orders grew 24% to 543 million in the July-September period compared to the same period a year earlier. In a conference call with investors Wednesday, DoorDash CEO Tony Xu acknowledged that delivery may seem like a luxury that consumers would drop in times of high inflation or economic uncertainty. But Xu said DoorDash remains a tiny fraction of the food and retail business overall, particularly in the 27 international markets where it’s a newer player.

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History of this topic

DoorDash sees record orders and revenue in second quarter even as US restaurant traffic slows
4 months, 3 weeks ago

DoorDash sees record orders and revenue in second quarter even as US restaurant traffic slows

Associated Press  

DoorDash said Thursday that it set records for orders and revenue in the second quarter, growth that came despite slowing U.S. restaurant traffic. DoorDash said revenue rose 23% to $2.6 billion, which also exceeded analysts’ forecast of $2.5 billion. “We’re still in the earliest innings of the move towards digital and the overall omnichannel experiences that every restaurant and retailer …

DoorDash posts better-than-expected Q1 sales but shares fall on cost concerns
7 months, 3 weeks ago

DoorDash posts better-than-expected Q1 sales but shares fall on cost concerns

Associated Press  

DoorDash reported higher-than-expected revenue in the first quarter as strong growth in U.S. grocery orders helped make up for slowing restaurant demand. DoorDash said its net loss narrowed to $23 million in the first quarter, compared to a loss of $161 million in the same period a year ago. DoorDash said its U.S. restaurant business remains healthy, and it saw …

DoorDash beats Q1 forecasts as it expands services, markets
1 year, 7 months ago

DoorDash beats Q1 forecasts as it expands services, markets

Associated Press  

DoorDash posted stronger-than-expected results in the first quarter as it expanded into new markets overseas and new delivery categories at home. Based on its first quarter results, DoorDash raised its guidance for gross order value, which is the total dollar value of all orders plus taxes, tips and DashPass membership fees. DoorDash acquired the Finnish delivery service Wolt Enterprises last …

DoorDash cuts 1,250 jobs after pandemic hiring surge
2 years ago

DoorDash cuts 1,250 jobs after pandemic hiring surge

Associated Press  

DoorDash is eliminating about 1,250 corporate jobs, or about 6% of its workforce, saying it hired too many people when delivery demand surged during the COVID-19 pandemic. CEO Tony Xu said in a message to employees Wednesday that DoorDash was undersized before the pandemic and sped up hiring to catch up with its growth. As a result, operating expenses grew …

DoorDash buys Wolt to expand in Europe as Q3 sales rise
3 years, 1 month ago

DoorDash buys Wolt to expand in Europe as Q3 sales rise

Associated Press  

DoorDash is buying Finnish delivery service Wolt Enterprises, expanding its reach into Europe and other markets. The company’s gross order volumes hit an annual run rate of $2.5 billion at the end of the third quarter. By comparison, DoorDash said its gross order volumes rose 44% to $10.4 billion in the third quarter. DoorDash said it also grew sales by …

DoorDash offers lower-priced delivery plans amid criticism
3 years, 7 months ago

DoorDash offers lower-priced delivery plans amid criticism

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. The San Francisco delivery company …

Deliveroo's £8bn float has to make the tricky economics of food delivery add up
3 years, 9 months ago

Deliveroo's £8bn float has to make the tricky economics of food delivery add up

The Telegraph  

At the end of last year, the US food delivery app DoorDash joined the ranks of the New York Stock Exchange, pulling off one of the biggest tech floats of 2020. DoorDash had never made a profit, even with demand for food delivery at record levels during the pandemic, and as restaurants struggled, there was a growing criticism of the …

DoorDash Shows Delivery Can Be Profitable—in a Pandemic
4 years, 1 month ago

DoorDash Shows Delivery Can Be Profitable—in a Pandemic

Wired  

In the before times, hands sometimes went unwashed, “zoom” was a sound made by Mazda commercials, and food delivery businesses lost lots and lots of money. Documents filed by DoorDash last week as part of its planned initial public offering show the result: The company posted a $23 million profit in the period between April and June. “Things like Covid …

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