(DoorDash) Shares of DoorDash surged more than 27% on Thursday after the delivery company reported a revenue of $1.3 billion in the fourth quarter of 2021.
The revenue, beat estimates of $1.28 billion, were up 34% from the prior year, reflecting a surging demand for food delivery services.
DoorDash reported that its total orders rose 35% from the prior year to a record 369 million, while Marketplace GOV expanded 36% to $11.2 billion.
The firm’s GAAP gross profit improved by 34% from the prior year to $637 million, while the GAAP net loss narrowed to $155 million, from $312 million.
The delivery firm had EBITDA of $47 million, below $94 million reported in the prior year’s quarter.
DoorDash said that its monthly active users hit a record of over 25 million, representing a 22% growth from the prior year, while its DashPass members rose to more than 10 million.
DASH: NYSE is up +27.83% on premarket.
