DoorDash shares soar 30%, the number of users hit an all-time high, orders in the fourth quarter
it posted bigger losses than analysts had expected for both the fourth quarter and the full year. DoorDash revenue rose to $1.3 billion from $970 million in the year-ago quarter. The company reported a narrower fourth-quarter loss of $155 million and full-year gross-order value of $49.5 billion and Ebitda of $428 million. Shares of DoorDash are down about 36% so far this year and an adjusted loss of 23 cents a share the company expects gross-order value of $48 billion to $50 billion and adjusted Ebitda of between the company reported a net loss of $468 million and an adjusted loss of $1.18 a share on revenue of $4.9 billion. That compares with a loss of $461 million in the previous year. Analysts had expected a loss of $405 million