DoorDash added users, surpassed sales forecasts in Q4
ABC News
DoorDash has posted better-than-expected sales for its fourth quarter thanks to its growing active-user base and an expansion of its delivery options
DoorDash on Wednesday posted better-than-expected sales for its fourth quarter thanks to its growing active-user base and an expansion of its delivery options.
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 31% 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.
DoorDash said its active users —— or people who have placed an order in the last month —— grew 22% to a record 25 million. DashPass members —— who pay a $9.99 monthly fee for unlimited free deliveries —— grew to 10 million during the quarter, up from 9 million at the end of the third quarter.
