business / news / / Fortune
DoorDash said demand for deliveries remained strong in the January-March period.
DoorDash offered extra compensation to U.S. and Canadian drivers to offset Iran war gas price spikes.
KEY POINTS
- DoorDash's total orders rose 27% to 933 million, short of Wall Street’s forecast of 954 million.
- Revenue increased 33% to $4.0 billion, missing the $4.15 billion analysts expected.
- DoorDash delayed some new investments to fund gas relief for drivers due to higher fuel costs.
- DoorDash’s net income fell 5% but still exceeded per-share profit expectations by 6 cents.
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