DoorDash reports 33% revenue growth as shares rise

9 articles · Updated · The Information · May 6

First-quarter revenue reached $4 billion, with after-hours shares up 11%, while the October Deliveroo acquisition helped lift growth above most of last year's pace.
DoorDash said revenue growth would have been 21% without Deliveroo, indicating underlying momentum is slowing, and forecast second-quarter marketplace gross order value growth of 33%, below the first quarter.
Revenue and adjusted EBITDA were near the top of DoorDash's guidance, following earlier results showing 42-cent earnings per share, $4.04 billion revenue and 933 million total orders.

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