Stay updated with breaking news from பிரபிற் குமார். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Sales increased 198% in the three months ended March 31, the company said in a statement Thursday. Revenue totaled $1.1 billion, surpassing Wall Street’s expectations. That growth came at a cost, however. A net loss of $110 million, or 30 cents a share, was wider than an average of analysts’ estimates compiled by Bloomberg. The San Francisco-based company benefited from the pandemic-induced boom in food delivery when indoor dining shuttered and people stayed home. DoorDash expanded its market share since the start of the pandemic and now commands 56% of U.S. food-delivery sales as of April, according to research from Bloomberg Second Measure. DoorDash has increased its footprint in the sector by pushing into categories like grocery and convenience items and through its launch of Storefront, an online ordering product that helps restaurants create their own websites for pickup and delivery. ....
Provided by Dow Jones By Preetika Rana DoorDash Inc. s revenue tripled in the first quarter, showing sustained demand for food-delivery services even as coronavirus vaccinations picked up and the nation moved toward reopening. The San Francisco-based company reported revenue of $1.08 billion for the three months through March, up from $362 million in the same quarter a year earlier, beating Wall Street s forecast. Analysts polled by FactSet had expected revenue of $994 million. The negative impact that we were expecting in consumer behavior was smaller than we were anticipating, Chief Financial Officer Prabir Adarkar said in an interview Thursday. The company s better-than-expected revenue helped drive shares up nearly 8% in after-hours trading. ....
/PRNewswire/ DoorDash Inc. (NYSE: DASH) announced financial results today for the quarter ended March 31, 2021. Please visit the DoorDash investor relations. ....
Uber This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Stephane Ficaja, head of Uber Eats US and Canada, exits after six months on the job. Sarfraz Maredia, from Uber s ride-hailing division, becomes the third person to lead Uber Eats since summer. Uber Eats is now bringing in more revenue than Uber s rides division. In a December 1, 2020 blog post, Stephane Ficaja, head of Uber Eats US and Canada, gave a hopeful message about the future of food delivery as Uber closed its purchase of third-party delivery rival, Postmates . With Uber s food delivery division, Uber Eats, combining with Postmates, the two operators can move forward and come together as one company, wrote Ficaja, who took over the Uber Eats pos ....
To revist this article, visit My Profile, then View saved stories. Unemployment in the US remains stubbornly high at 6.3 percent. Job growth has stalled, with 9.6 million fewer jobs in January than the same month a year earlier. But gig companies say they’re having trouble finding people to drive, pick up, and deliver for them. “I m worried about one thing going into the second half of the year: Are we going to have enough drivers to meet the demand that we re going to have?” Uber CEO Dara Khosrowshahi told an analyst last month. DoorDash chief financial officer Prabir Adarkar called the situation “a tale of two cities,” with hordes of new customers racing to order takeout but fewer drivers offering to deliver it. DoorDash orders more than tripled in the last part of 2020, compared with the same period a year earlier. ....