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DoorDash revenues more than doubled in Q4

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Miguel A. Rodriguez
Miguel A. Rodriguez
01 March 2021
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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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.