DoorDash Delivers Fresh Profits with a Soggy Forecast
DoorDash delivered piping hot earnings this week, accompanied by a side of lukewarm expectations for the first quarter. The delivery giant’s revenue in the winter quarter climbed 38% from the same time last year for a total that’s flirting with $4 billion. The app notched about 903 million orders, a 32% jump, as coffee-table diners double-dashed breakfast burritos and ramen. Orders were boosted by DoorDash’s October acquisition of British delivery app Deliveroo — without the new app, DoorDash orders still ...