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DoorDash reported revenues above estimates. The food delivery service reported revenue of $ 970 million and adjusted EBITA of $ 94 million, easily beating estimates of $ 926.71 million in expected revenue and $ 298 million year-on-year. of $ 92.97 million in Adjusted EBITA. Emily McCormick of Yahoo Finance breaks down the details.
Video transcript
ADAM SHAPIRO: DASH down after hours. We have their income report. Inès Ferre looked for what they had to say. What are they telling us?
INES FERRE: Well, Adam, the revenue hit $ 970 million. It was a beat. Total orders increased 233% year over year to reach 273 million. It was also a beat.
Also looking at the market, the gross order value, which amounted to $ 8.2 billion. It was also a beat. But the company says the outlook for fiscal 2021 is very uncertain. Maybe this is the reason why you see after hours stock going down, because of total orders it is a beat, the gross order value is a beat, revenue, a beat .
ADAM SHAPIRO: Okay. Ines Ferre gives us the DoorDash breakdown on their income report.
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