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

. 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. DoorDash bought the Finnish delivery service Wolt Enterprises in 2021 to expand its reach into countries like Germany, Sweden and Israel. The company said its net loss narrowed to $73 million from $295 million in the third quarter a year ago.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: ksatnews - 🏆 442. / 53 Read more »

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.
Source: wjxt4 - 🏆 246. / 63 Read more »