The online food ordering and food delivery platform reported better-than-expected revenue in Q4 2021
DoorDash
was one of the biggest beneficiaries of stay-at-home trends during the
pandemic, as many people relied on food delivery services. The revenue came in
at $1.3 billion, higher than the $1.28 billion expected.
People continued to spend more on orders during the quarter,
with Q4 gross order value growing 36% year-over-year to $11.2 billion. It
topped analysts’ projections of $10.6 billion. It scored 369 million orders,
higher than the 361 million orders initially forecasted.
For the full year, DoorDash projects marketplace gross order
value to reach a high of $50 billion.
On Thursday, February 17, it closed 10.69% higher.
Sources: cnbc.com, finance.yahoo.com
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