DoorDash, a delivery service company, reported earnings after the bell and posted $2.13 billion in second-quarter revenue, higher than the $2.06 billion analyst consensus estimate, according to FactSet. The company alsoXu added the company saw significant losses during the pandemic when it"We cut our commissions by 50%, we were the only platform and service to do so," he said. "I mean, that cost us hundreds, you know, over a $100 million while doing that.
The company's net loss narrowed to $172 million during the second quarter from $263 million a year earlier. "I wouldn't call it a pivot," Xu said. "I mean, really, to us, this is, you know, natural growth. We are still on offense, we are still in investment mode, we want to build the biggest sized business for the long run."
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »