Its chief rival, Uber Eats, controls 26%, while GrubHub holds 16%. In the second and third quarters of this year, that had jumped to 90%, and it may stay elevated even when the pandemic ends, according to Hudson Riehle, a senior vice president with the National Restaurant Assocation.ĭoorDash now controls 50% of the U.S. restaurant traffic - including visits to fast food outlets and food trucks - was picking up food to eat elsewhere. DoorDash is also candid about the impact of the coronavirus, saying it expects its growth rate to slow in the coming quarters as the pandemic ends.īefore the pandemic, 63% of U.S. In a government filing, DoorDash said it expects to continue to spend heavily as it tries to expand internationally and add non-food businesses to its platform. The company did turn a profit of $23 million in the second quarter this year, but followed that with a $43 million loss in the third quarter. Last year, it spent $410 million to acquire Caviar, an upscale rival.ĭoorDash had a net loss of $667 million in 2019 and lost $149 million in the first nine months of 2020. DoorDash has lost money in every year since its founding, citing the cost of developing its platform and expanding into new markets. The company’s growth hasn’t come without headaches. “DoorDash is a platform that’s enabling the small, local merchant to play in this space, bringing the product in minutes, not days.” “Ultimately, a lot of these trends will stay,” he said. The funding from the IPO will let DoorDash expand into areas like delivery from groceries and convenience stores, he said. Christopher Payne, DoorDash’s chief operating officer, said customers’ expectations of convenience and quick delivery only accelerated during the pandemic.
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