DoorDash revenues more than doubled in Q4

DoorDash revenues more than doubled in Q4

The popular food delivery company saw its sales jumping through the roof

For Q4 2020, the company posted revenues of $970 million, representing a 226% increase compared to the same period the previous year, while the figures topped the $938 million expected.

Prabir Adarkar, CFO DoorDash, believes that a 27.7% increase in weekly order volumes is possible in 2021, as more markets have already started to loosen their COVID-19-related restrictions.

For the current quarter, DoorDash expects the adjusted earnings to be between $0-$45 million, while for the full 2021 is seen at a high of $200 million.

About DoorDash IPO

DoorDash started trading on the New York Stock Exchange in December, ending the day having a market cap of $60.2 billion.

Sources: finance.yahoo.com, cnbc.com

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