DoorDash added users, surpassed sales forecasts in Q4

Published February 16, 2022 6:21 PM

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.

The San Francisco-based delivery company said its revenue grew 34% to $1.3 billion in the October-December period.

That surpassed Wall Street’s forecast. DoorDash said its DashPass members __ who pay a monthly fee for unlimited free deliveries __ swelled to 10 million during the quarter, up from 9 million at the end of the third quarter.

Total orders grew 35% to 369 million, also ahead of analysts’ expectations.

DoorDash shares jumped 27% in after-market trading.

Article Topic Follows: National-World

Jump to comments ↓

The Associated Press

BE PART OF THE CONVERSATION

KYMA KECY is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.