DoorDash Revenue Beats Estimates on Strong Demand For Deliveries
- International expansion and new verticals are boosting growth
- Non-restaurant categories like alcohol are outpacing food
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DoorDash Inc. reported revenue that beat analysts’ estimates, showing that higher prices and a cloudy economic outlook aren’t dissuading customers from spending on takeout and other convenience deliveries.
Revenue rose 40% in the first quarter to $2.04 billion, the San Francisco-based company said Thursday in a statement. That was better than analysts’ average projection of $1.93 billion, according to data compiled by Bloomberg.