DoorDash Q3 Orders Up 24%, Revenue Jumps 27% to $2.16 Billion, Narrowing Net Loss to $73 Million

Strong demand from U.S. and international markets, aggressive cost management, and increase in active users drive DoorDash's Q3 performance, shares increase 7% in after-hours trading.

• DoorDash's Q3 orders rose 24% to 543 million, surpassing the 521 million Wall Street had forecasted.
• The company increases active users at double-digit rates in September, with demand from both the U.S. and international markets.
• Part of DoorDash's growth has been boosted by partnerships with brands such as Sephora and ALDI.
• It is gaining subscribers to its DashPass and Wolt+ subscription programs, providing free deliveries on many orders for a monthly fee.
• DoorDash significantly reduced its net loss to $73 million from $295 million a year ago due to efficiency gains and disciplined cost management.

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