Quarterly Results Spotlight: DoorDash (NYSE: DASH)
DoorDash (NYSE: DASH) third-quarter results.
Revenue: up 45% YoY to US$1.28bn vs. US$1.18bn.
Net loss: US$101m, more than double its loss of US$43m for the same quarter a year earlier.
Total orders: increased 47% to 347 million.
Gross order volume: jumped 44% to US$10.4bn.
Acquisitions: Wolt for US$8.1bn in an all-stock transaction.
Management commentary: Among other factors, our Q4 outlook anticipates ongoing investment in new categories, international markets, and Platform Services. Among other areas, We remain heavily focused on driving new forms of demand, increasing efficiency in restaurant operations, improving marketing and customer service, and helping optimise kitchen infrastructure.
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