Connect with us

Plato Vertical Search

Big Data

DoorDash revenue beats as food delivery demand booms

(Reuters) -DoorDash Inc beat quarterly revenue estimates on Thursday, as the pandemic-era surge in food delivery stayed strong even after easing curbs and growing vaccination rates encouraged people to dine out more.
Companies like DoorDash and its UK peer Deliveroo Plc are benefiting from consumers getting used to food being delivered at their doorstep.The company said revenue rose 83% to $1.24 billion for the second quarter, beating analysts’ estimates of $1.08 billion, according to IBES data from Refinitiv. It reported a net loss of $102 million, compared with a profit of $23 million a year earlier. On a per share basis, it lost 30 cents. Analysts were expecting a loss of 20 cents per share.
(Reporting by Mehr Bedi and Praveen Paramasivam in Bengaluru; Editing by Devika Syamnath)

Read More on Datafloq

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.



Related Streams


Pleo, founded in Copenhagen in 2015, has just extended its Series C funding by €176 million. In doing so they nearly triple their valuation...


Buy now, pay later (BNPL) offerings have existed for a long time, but increased in popularity as the pandemic made more people shop online...

Start Ups

Meet Collective, a French startup that wants to redefine what it means to work as a freelancer in development, product design, digital marketing, data...


Crowdfunding platform Kickstarter plans to unveil a standalone company by building a crowdfunding system based on blockchain technology. In a blog post, CEO Aziz...