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 $2.09 billion analysts were expecting. 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.The company said its net loss narrowed to $73 million from $295 million in the third quarter a year ago. DoorDash attributed that to efficiency gains and disciplined cost management. The company alsoCopyright 2023 The Associated Press. All rights reserved.
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