DoorDash added users, surpassed sales forecasts
DoorDash on Wednesday posted better-than-expected sales for its fourth quarter thanks to its growing active-user base and new offerings like deliveries from groceries and pet stores.
The San Francisco-based delivery company said its revenue grew 34% to $1.3 billion in the October-December period. That topped Wall Street’s forecast of $1.28 billion, according to analysts polled by FactSet. DoorDash’s shares jumped 27% in after-market trading Wednesday. Prior to that surge, the stock was down 36% so far in 2022 through the end of Wednesday’s regular-session trading.
