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