DoorDash Kitchens

DoorDash posts mixed earnings, acquires Wolt for $8.1B

DoorDash reports mixed earnings, stock jumps post market on news of Wolt acquisition

In its first earnings statement as a public company, issued on Feb. 25, DoorDash disappointed despite setting quarterly records for total orders, adjusted earnings before interest, taxes, depreciation and amortization, and market share. Investors instead fixated on the company’s doubling of its quarterly loss over Q4 2019.

Since then, DoorDash (NYSE: DASH) has ridden pandemic tailwinds to a pair of productive quarters in 2021, turning in strong earnings across the board in Q1 and a sequential...

https://www.freightwaves.com/news/doordash-posts-mixed-earnings-acquires-wolt-for-8-1b

Delivery-only concepts are the new food frontier

ghost kitchens here to stay delivery only virtual restaurant dining concept brand uber eats doordash postmates grubhub

In 2004 in the city of Chicago, two hungry web developers were working on the next multibillion dollar concept. Matt Maloney and Mike Evans are better known today as the founders of Grubhub, the app that got the ball rolling for the world of online food delivery platforms. A decade later, Doordash and Uber Eats had entered the market and together they’ve turned it into a $10 billion business.

Now we’re seeing the next stage in the evolution of restaurant e-commerce. Not too long ago, the idea of...

https://www.freightwaves.com/news/delivery-only-concepts-are-the-new-food-frontier