NEW YORK, Feb 17 ― US meal delivery platform DoorDash saw a jump in its share price yesterday after it published higher-than-expected earnings and said it expects strong demand in 2022, despite easing pandemic restrictions.The company reported US$1.3 billion in fourth quarter revenue, a 34 per cent increase over the prior year.
“We continue to be the leading acquirer of all customers that come into the industry for the first time,” added DoorDash CEO Tony Xu. With 25 million monthly active users, DoorDash recorded US$42 billion in orders last year and expects a range of between US$48-50 billion for 2022. While the company continues to lose money ― it reported a net loss of US$155 million in the fourth quarter ― it did beat analyst expectations.