DoorDash, which went public amid a pandemic-fueled delivery craze in late 2020, said its business continues to boom even as people increasingly return to their lives outside the home.
The on-demand delivery company said its order volume grew 23% to 404 million in the first three months of this year compared to the same period in 2021. Its revenue for the quarter jumped 35% from last year to $1.5 billion, beating the estimated $1.38 billion forecast from analysts surveyed by Refinitiv. Order volume, for instance, had grown 219% during the same quarter last year but the rate of growth has fallen consecutively in each quarter since.
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