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DoorDash Jumps as Results Show Strong Appetite for Takeout

  • Revenue rose 33% to $1.7 billion in the third quarter
  • Company sees gross order value as much as $14.2 billion in 4Q
A DoorDash Inc. delivery bag on the floor of a restaurant in Washington, DC.

A DoorDash Inc. delivery bag on the floor of a restaurant in Washington, DC.

Photographer: Andrew Harrer/Bloomberg
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DoorDash Inc. reported revenue that beat analysts estimates, a sign that customers are still ordering pricey takeout despite a squeeze from higher inflation. The shares jumped about 10% in extended trading.

Revenue rose 33% in the third quarter to $1.7 billion, the San Francisco-based company said Thursday in a statement. That was better than analysts’ average projection of $1.63 billion, according to data compiled by Bloomberg.