DoorDash is one of the largest food delivery companies in the country. Since the company went public in December 2020, they have grown rapidly.
The main focus of DASH’s international presence is food delivery from a wide range of restaurants. The food delivery app reaches nearly 7,000 cities across all continents, including North America, Australia, and Japan. By partnering with these stores, they also deliver food from convenience stores and grocery stores.
In 2022, the food delivery company added alcohol delivery to its list of services, which helped it grow even more. In 2022, DoorDash had a great year. In the first three quarters, the company beat its EPS, including by more than 100% and 500% in the first and second quarters, respectively.
It made $1.7 billion in revenue in Q3 2022, which was a 33% increase from Q3 2021. As DASH adds more services and goes into new markets, growth is likely to continue. DoorDash is in a good position to keep growing because its market value is more than $50 billion. Even though DASH is making a lot of money, the stock hasn’t done so well. The company’s shares are down nearly 80% from their peak and close to 65% from when they first went public.