Overview

• DoorDash raised its annual core profit forecast after beating quarterly revenue estimates.
• The company's growth is fueled by rising orders for food, groceries, and convenience items.
• DoorDash now projects annual adjusted EBITDA between $600 million and $900 million.
• The company expects gross order value to be between $63 billion and $64.5 billion for 2023.
• DoorDash expanded into 22 new countries through its acquisition of Finnish delivery service Wolt Enterprises.