DoorDash rings up record first-quarter revenue and expands delivery reach through acquisitions
By DEE-ANN DURBIN
DoorDash said Tuesday that demand for deliveries remained strong in the first quarter even as more Americans feel increasingly uneasy about the U.S. economy.
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“We haven’t seen any changes in consumer behavior even if there are changes in consumer sentiment,” co-founder and CEO Tony Xu said in a call with investors. “Food really is the most resilient category.”
Total orders climbed 18% to 732 million, a quarterly record. DoorDash said demand for grocery delivery surpassed prior quarters, with more than 25% of active users ordering groceries. DoorDash said it also added U.S. restaurants to its platform and broadened its geographic reach.