DoorDash orders surge 24% in the third quarter, helping the company narrow its losses

DoorDash on Wednesday 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.

ALSO READ: Doordash launches ghost kitchen service in San Jose 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. Growth in order frequency also accelerated from the second quarter, the company said.

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DoorDash orders surge 24% in the third quarter, helping the company narrow its lossesDoorDash reported better-than-expected sales in the third quarter as it gained users and they ordered more frequently.
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DoorDash orders surge 24% in the third quarter, helping the company narrow its lossesDoorDash reported better-than-expected sales in the third quarter as it gained users and they ordered more frequently.
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DoorDash orders surge 24% in the third quarter, helping the company narrow its lossesDoorDash reported better-than-expected sales in the third quarter as it gained users and they ordered more frequently
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