DoorDash

DoorDash agrees to buy Deliveroo in US$3.9 billion deal

DoorDash will expand its reach to more than 40 countries with the acquisition

The delivery firm has been grappling with elevated labour costs as well as stiff competition from rivals UberEats and Instacart.

DoorDash sees downbeat Q1 core profit as costs weigh

DOORDASH forecast first-quarter core profit largely below estimates and reported a wider-than-expected quarterly loss on Thursday (Feb 15), signalling higher costs were offsetting the benefits from a ...

The bulk of DoorDash’s overseas markets are in more sparsely populated European countries like Sweden, Estonia, Denmark and Iceland, which it entered through its purchase of Finnish food delivery company Wolt Enterprises two years ago. 

DoorDash aims to boost presence abroad while rivals struggle

DoorDash, already the top restaurant delivery company in the US, is now looking to strengthen its presence abroad. 

The grocery delivery business has doubled in gross order value in the third quarter compared to a year ago, chief financial officer Ravi Inukonda says.

DoorDash jumps on record orders, stronger outlook

DOORDASH surged as much as 10 per cent after posting the largest total customer orders ever and raising its outlook for the year, underscoring the strength of its food, grocery and retail delivery bus...

Investors piled money into food and grocery delivery companies during the pandemic when consumers were stuck at home.

Billionaires who rode online delivery boom watch fortunes vanish

FROM San Francisco to Istanbul, founders of online delivery companies that exploded during the pandemic are watching their fortunes disappear.

Doordash, which made its market debut in December 2020, said it expects to begin trading on the Nasdaq on Sept 27.

DoorDash to switch listing to Nasdaq

DOORDASH will transfer its listing to the Nasdaq Stock Market from the New York Stock Exchange, the delivery firm said on Thursday.

DoorDash has tried to blunt the impact of rising restaurant prices by offering incentives.

DoorDash sees record orders, showing appetite for delivery

DOORDASH reported a record number of delivery orders in the second quarter, showing consumers’ commitment to takeout despite rising prices. The shares jumped about 4 per cent in extended trading.

DoorDash’s revenue rose 40 per cent to US$2.04 billion in the quarter ended Mar 31, compared to analysts’ estimate of about US$1.93 billion.

DoorDash rides on delivery demand to raise 2023 core profit forecast

DOORDASH raised its annual core profit forecast after beating quarterly revenue expectations on Thursday (May 4), benefiting from an increase in orders for food, groceries and convenience products des...

The prospect for improving profit at DoorDash may be a bright spot for investors who have pared their earnings outlook for tech companies while revenue growth slows.

DoorDash forecasts profit growth as customers keep ordering takeout

DOORDASH forecast earnings that beat analyst expectations as cost-cutting efforts meet resilient consumer demand for pricey takeout. The company also said its president would be stepping down as part ...