Reported 1 day ago
DoorDash reported a 21% increase in total orders in the third quarter, surpassing expectations with 776 million orders and a 27% increase in revenue to $3.45 billion. However, the company warned investors of significantly higher expenses for product development next year, leading to a drop in shares during after-hours trading. Despite a net income increase of 51% to $244 million, the profits fell short of analysts' predictions. DoorDash plans to invest heavily in new initiatives to enhance its logistics and service offerings.
Source: YAHOO