DoorDash Beats on Revenue, Misses on EPS
DoorDash posted solid fourth-quarter results that were fairly in line with expectations, despite a narrow EPS miss.
DoorDash (NASDAQ:DASH), a leading food delivery and logistics company, released its fourth-quarter earnings on Feb. 11. The company reported strong revenue growth to $2.87 billion, about 1% higher than analysts' estimates of $2.84 billion. Despite this, earnings per share (EPS) of $0.33 came in slightly below the anticipated $0.34. Overall, the quarter demonstrated robust development across key metrics, including marketplace order volume.
Source: Analysts' estimates for the quarter provided by FactSet.
DoorDash operates one of the largest online food delivery platforms in the U.S. It connects local businesses and customers, facilitating orders through its marketplace. The company's recent areas of focus have included expanding its international footprint and diversifying into non-food categories. Key factors in its success will be its ability to grow its marketplace, improve delivery partner satisfaction, and enhance its relationships with merchants through innovative services.
