DoorDash reported better-than-expected sales in the third quarter as it gained users and they ordered more frequently.
The San Francisco delivery company said its total orders grew 24% to 543 million in the July-September period compared to the same period a year earlier. That was well above the 521 million orders Wall Street had forecast, according to analysts polled by FactSet.
DoorDash said revenue jumped 27% to $2.16 billion, also ahead of the $2.09 billion analysts were expecting. The company said its monthly active users — or customers who have placed at least one order in the past month – increased at double-digit percentage rates in September, with strong demand from both the U.S. and international markets.Wolt Enterprises in 2021 to expand its reach into countries like Germany, Sweden and Israel.
The company said its net loss narrowed to $73 million from $295 million in the third quarter a year ago. DoorDash attributed that to efficiency gains and disciplined cost management. The company alsoThe loss, of 19 cents per share, was also better than the 40-cent loss Wall Street anticipated. Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Law & Order: Special Victims Unit Season 24 Streaming: Watch & Stream Online via HuluFans of Law & Order will want to know where to watch Special Victims Unit. Here's how to stream season 24 of the show online.
Read more »
US wants nuclear bomb 24 times more powerful than one dropped on JapanUS developing new nuclear bomb more powerful than the one dropped on Japan
Read more »
Kansas can’t enforce new abortion pills law or make patients wait 24 hours, judge rulesA Kansas judge has put a new state law on medication abortions on hold and blocked the state from enforcing older abortion restrictions.
Read more »
These are the NBA international games in 2023-24After the NBA had two international games last season, here's what to know about the schedule for 2023-24.
Read more »
ACC releases new football scheduling model to add California, Stanford and SMU in '24The Atlantic Coast Conference has unveiled a new scheduling model to incorporate new members California, Stanford and SMU for next year. The model includes those schools facing each other as annual opponents while staying with a no-division format. The league announced its reworked scheduling plan Monday evening.
Read more »
Scottish doctors say rise in patients waiting 24 hours in A&E is 'shocking'The number waiting 24 hours or more was over 250 times higher than it was in 2019, figures have shown.
Read more »