The San Francisco delivery company said this week 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.
DoorDash shares jumped more than 7.5% in after-hours trading.
The company said its monthly active users — or customers who 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. Growth in order frequency also accelerated from the second quarter, the company said.
This story is from the November 04, 2023 edition of Techlife News.
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This story is from the November 04, 2023 edition of Techlife News.
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