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.
Still, it reported a net loss of $167 million, higher than the $142.9 million Refinitiv analysts had forecast.
How about instead of covering its earnings you cover the fact that they have a 100 million lawsuit in California that was settled and adjudicated and which they appealed at the last minute with the sole purpose of delaying payments in order to cook up the books. Are you news?
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