DoorDash Inc topped Wall Street expectations for quarterly revenue on Thursday helped by steady demand for ordering food online, despite persistently high inflation and higher prices. Shares of the company rose 11 per cent in extended trading. The company also said Ravi Inukonda will take over as
DoorDash Inc topped Wall Street expectations for quarterly revenue on Thursday helped by steady demand for ordering food online, despite persistently high inflation and higher prices.The company also said Ravi Inukonda will take over as chief financial officer, effective Mar 1, with current incumbent Prabir Adarkar moving to be chief operating officer. Christopher Payne, who was associated for seven years with DoorDash will retire, the company added.
DoorDash continues to see consumers order more frequently, a company spokesperson told Reuters, adding that in 2022 it saw more consumers use the platform than ever.The top US food delivery company expects gross order value - the total value of all app orders and subscription fees - to be between US$60 billion to ID$63 billion for 2023, compared with US$53.4 billion it reported in 2022.
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