{"id":1766,"date":"2024-08-13T01:29:17","date_gmt":"2024-08-13T01:29:17","guid":{"rendered":"https:\/\/pub.wethrift.com\/?p=1766"},"modified":"2024-08-13T01:29:19","modified_gmt":"2024-08-13T01:29:19","slug":"doordash-statistics","status":"publish","type":"post","link":"https:\/\/pub.wethrift.com\/doordash-statistics\/","title":{"rendered":"DoorDash Statistics: Users, Revenue, Growth, and Market Impact in 2024"},"content":{"rendered":"\n<p>From humble beginnings delivering food to Stanford students in 2013, DoorDash has become the undisputed leader in online food delivery, especially in the US. Boasting a staggering 67% market share and processing billions in orders, it has revolutionised the way we get food.<\/p>\n\n\n\n<p>Originally known as <a href="\&quot;http:\/\/paloaltodelivery.com\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">PaloAltoDelivery.com<\/a>, the company&#8217;s early days were marked by a hands-on approach. Founders wore many hats, building the app, taking orders, and even making deliveries themselves. This instilled a unique company culture that persists today, with employees getting a taste of the &#8220;dasher&#8221; experience firsthand.<\/p>\n\n\n\n<p>However, <a href="\&quot;https:\/\/www.wethrift.com\/doordash\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash&#8217;s<\/a> ambition went far beyond local deliveries. It aimed to build an AI system, aptly named Deep Red, that could optimise every aspect of the delivery process. This focus on efficiency, coupled with aggressive market expansion strategies, propelled DoorDash to the top, surpassing established players like Grubhub and Uber Eats.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"top-door-dash-statistics-2024\">Top DoorDash Statistics 2024<\/h2>\n\n\n\n<ul>\n<li>In 2023, DoorDash&#8217;s <strong>revenue grew by 31% to $8.6 billion. <\/strong>(<a href="\&quot;https:\/\/www.statista.com\/statistics\/1294498\/doordash-annual-revenue\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n\n\n\n<li><strong>DoorDash cut its losses<\/strong> from approximately <strong>$1.4 billion in 2022 to about $558 million in 2023. <\/strong>(<a href="\&quot;https:\/\/www.statista.com\/statistics\/1374283\/doordash-net-loss\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n\n\n\n<li><strong>DoorDash briefly turned a profit in 2020, earning $23 million,<\/strong> a period coinciding with the peak of the pandemic. (<a href="\&quot;https:\/\/therideshareguy.com\/doordash-statistics\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Ride Share Guy<\/a>)<\/li>\n\n\n\n<li>DoorDash had <strong>37 million active users at the end of 2023. <\/strong>(<a href="\&quot;https:\/\/www.statista.com\/statistics\/1454312\/doordash-active-users-globally\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n\n\n\n<li>With a <strong>67% <\/strong>share, <strong>DoorDash dominated the US food delivery market.<\/strong> (<a href="\&quot;https:\/\/www.statista.com\/statistics\/1235724\/market-share-us-food-delivery-companies\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n\n\n\n<li><strong>Over 7 million Dashers<\/strong> delivered for DoorDash, <strong>earning $15 billion in 2023<\/strong> by partnering with <strong>550,000 restaurants and stores.<\/strong> (<a href="\&quot;https:\/\/get.doordash.com\/en-us\/faq\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n\n\n\n<li><strong>DoorDash is the most downloaded food delivery app in the US<\/strong> with an <strong>86% <\/strong>share of global app downloads as of June 2024. (<a href="\&quot;https:\/\/www.statista.com\/statistics\/1441211\/doordash-app-downloads-by-country\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-rank-math-toc-block\" id=\"rank-math-toc\"><h2>Table of Contents<\/h2><nav><ul><li><a href="\&quot;#top-door-dash-statistics-2024\&quot;">Top DoorDash Statistics 2024<\/a><\/li><li><a href="\&quot;#door-dash-facts-and-timeline\&quot;">DoorDash Facts and Timeline<\/a><\/li><li><a href="\&quot;#door-dash-users-subscribers-app-downloads-2024\&quot;">DoorDash Users, Subscribers &amp; App Downloads 2024<\/a><\/li><li><a href="\&quot;#door-dash-financial-aspect\&quot;">DoorDash Financial Aspect<\/a><ul><li><a href="\&quot;#revenue-valuation\&quot;">Revenue &amp; Valuation<\/a><\/li><li><a href="\&quot;#funding-profit-operating-expenses\&quot;">Funding, Profit &amp; Operating Expenses<\/a><\/li><li><a href="\&quot;#door-dash-market-share-in-the-us\&quot;">DoorDash Market Share in the US<\/a><\/li><li><a href="\&quot;#total-orders-marketplace-gov-gross-order-value\&quot;">Total Orders &amp; Marketplace GOV (Gross Order Value)<\/a><\/li><\/ul><\/li><li><a href="\&quot;#door-dash-riders-employees\&quot;">DoorDash Riders &amp; Employees<\/a><\/li><li><a href="\&quot;#door-dash-restaurants-merchants\&quot;">DoorDash Restaurants &amp; Merchants<\/a><\/li><li><a href="\&quot;#whats-next-for-door-dash\&quot;">What\u2019s Next for DoorDash?<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"door-dash-facts-and-timeline\">DoorDash Facts and Timeline<\/h2>\n\n\n\n<p><strong>Short Timeline from 2012 &#8211; 2023<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>October 2012:<\/strong>&nbsp;DoorDash was founded under the name Palo Alto Delivery by&nbsp;Evan Charles Moore, Andy Fang, Stanley Tang, and Tony Xu. (<a href="\&quot;https:\/\/www.businessofbusiness.com\/articles\/Doordash-ipo-stock-founders-tony-xu\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Business of Business<\/a>)<\/li>\n\n\n\n<li><strong>January 2013:<\/strong>&nbsp;DoorDash made its very first delivery. At this time it didn\u2019t have an app, just a landing page with restaurants around Stanford\u2019s campus and a phone number. (<a href="\&quot;https:\/\/vator.tv\/news\/2019-01-04-when-doordash-was-young-the-early-years\&quot;" rel=\"nofollow noopener\" target=\"_blank\">vator.tv<\/a>)<\/li>\n\n\n\n<li><strong>March 2013:<\/strong>&nbsp;Palo Alto Delivery raised $120,000 in seed funding. (<a href="\&quot;https:\/\/vator.tv\/news\/2019-01-04-when-doordash-was-young-the-early-years\&quot;" rel=\"nofollow noopener\" target=\"_blank\">vator.tv<\/a>)<\/li>\n\n\n\n<li><strong>May 2013:<\/strong>&nbsp;The company incorporated in Delaware as DoorDash. (<a href="\&quot;https:\/\/vator.tv\/news\/2019-01-04-when-doordash-was-young-the-early-years\&quot;" rel=\"nofollow noopener\" target=\"_blank\">vator.tv<\/a>)<\/li>\n\n\n\n<li><strong>June 2020:<\/strong>&nbsp;By 2020, DoorDash raised over $2.5 billion. (<a href="\&quot;https:\/\/vator.tv\/news\/2019-01-04-when-doordash-was-young-the-early-years\&quot;" rel=\"nofollow noopener\" target=\"_blank\">vator.tv<\/a>)<\/li>\n\n\n\n<li><strong>December 2020:<\/strong>&nbsp;DoorDash went public at $71.3 billion valuation and had raised $3.37 billion in its IPO (initial public offering). (<a href="\&quot;https:\/\/www.reuters.com\/article\/doordash-ipo-shares\/doordash-valued-at-71-billion-in-blockbuster-market-debut-idUSKBN28J249\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Reuters<\/a>)<\/li>\n\n\n\n<li><strong>March 2023:<\/strong>&nbsp;DoorDash had over 34 million users. It\u2019s headquartered in San Fransisco, and&nbsp;Tony Xu&nbsp;is the CEO. (<a href="\&quot;https:\/\/www.sec.gov\/Archives\/edgar\/data\/1792789\/000119312520292381\/d752207ds1.htm#rom752207_1\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n<\/ul>\n\n\n\n<p><strong>Interesting Facts about DoorDash<\/strong><\/p>\n\n\n\n<ul>\n<li><strong>2013<\/strong>: In the first year of operations, DoorDash expanded to <strong>70 restaurants in the Bay Area<\/strong> and received <strong>$2.4 million in funding.<\/strong> (<a href="\&quot;https:\/\/www.businessofapps.com\/data\/doordash-statistics\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Business of Apps<\/a>)<\/li>\n\n\n\n<li>It grew at a rate of <strong>20% every week.<\/strong> (<a href="\&quot;https:\/\/www.ycombinator.com\/blog\/doordasy-yc-s13-raises-2-dollars-dot-4m-to-improve-food-delivery-growing-over-20-percent-weekly\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Y Combinator<\/a>)<\/li>\n\n\n\n<li><strong>DoorDash started out operating in 20 cities in the US.<\/strong> Today, it\u2019s available in more than <strong>7,000 cities across multiple countries <\/strong>\u2014 over 80 Canadian cities, 4,000 North American cities including Puerto Rico, Japan, Australia (with major cities Melbourne, Sydney, Brisbane), and New Zealand (including Wellington, Auckland, Christchurch). (<a href="\&quot;https:\/\/help.doordash.com\/dashers\/s\/article\/Where-is-DoorDash-available?language=en_US\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>, <a href="\&quot;https:\/\/www.businessofapps.com\/data\/doordash-statistics\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Business of Apps<\/a>)<\/li>\n\n\n\n<li><strong>DoorDash-Wolt partnership<\/strong> has expanded their operations to <strong>4 new countries and 500 new cities<\/strong> <strong>in just 2 years. <\/strong>(<a href="\&quot;https:\/\/d18rn0p25nwr6d.cloudfront.net\/CIK-0001792789\/f0258cbf-80d7-4048-85bf-0154f1bea365.pdf\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n\n\n\n<li>As of March 31, 2024, DoorDash and Wolt together <strong>operate in over 30 countries globally. <\/strong>(<a href="\&quot;https:\/\/d18rn0p25nwr6d.cloudfront.net\/CIK-0001792789\/65f1a942-4e54-4000-a85d-694f0a485a29.pdf\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"door-dash-users-subscribers-app-downloads-2024\">DoorDash Users, Subscribers &amp; App Downloads 2024<\/h2>\n\n\n\n<p>DoorDash accelerated its global expansion in 2023, ranking as the fourth most downloaded food delivery app worldwide with over 26 million downloads. The acquisition of European leader Wolt for over $8 billion in 2022 marked a significant step in this international growth strategy.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1500\" height=\"1000\" src=\"https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/1.-Number-of-monthly-active-users-of-DoorDash-worldwide-2018-to-2023-in-millions.png\" alt=\"\" class=\"wp-image-1759\" srcset=\"https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/1.-Number-of-monthly-active-users-of-DoorDash-worldwide-2018-to-2023-in-millions.png 1500w, https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/1.-Number-of-monthly-active-users-of-DoorDash-worldwide-2018-to-2023-in-millions-300x200.png 300w, https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/1.-Number-of-monthly-active-users-of-DoorDash-worldwide-2018-to-2023-in-millions-1024x683.png 1024w, https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/1.-Number-of-monthly-active-users-of-DoorDash-worldwide-2018-to-2023-in-millions-768x512.png 768w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" \/><\/figure><\/div>\n\n\n<ul>\n<li>DoorDash had approximately <strong>37 million monthly active users at the end of 2023. <\/strong>This includes users on its main platform and Wolt marketplace. (<a href="\&quot;https:\/\/www.statista.com\/statistics\/1454312\/doordash-active-users-globally\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n\n\n\n<li>That\u2019s a<strong> 15.6% increase <\/strong>in the number of monthly active users of <strong>32 million in 2022.<\/strong> (<a href="\&quot;https:\/\/www.statista.com\/statistics\/1454312\/doordash-active-users-globally\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n\n\n\n<li><strong>DashPass is a monthly subscription<\/strong> offering unlimited free deliveries from thousands of restaurants on DoorDash, available in the US and Canada. <strong>Subscribers save an average of $4-5 per eligible order. <\/strong>(<a href="\&quot;https:\/\/help.doordash.com\/consumers\/s\/article\/What-is-DashPass?language=en_US\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n\n\n\n<li><strong>18 million <\/strong>customers have signed up for <strong>DoorDash&#8217;s DashPass subscription,<\/strong> which offers complimentary delivery and order cancellation. (<a href="\&quot;https:\/\/ir.doordash.com\/financials\/sec-filings\/default.aspx\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table is-style-regular\"><table><thead><tr><th class=\"has-text-align-center\" data-align=\"center\"><strong>Year<\/strong><\/th><th class=\"has-text-align-center\" data-align=\"center\"><strong>Subscribers (in millions)<\/strong><\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">2019<\/td><td class=\"has-text-align-center\" data-align=\"center\">0.8<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2020<\/td><td class=\"has-text-align-center\" data-align=\"center\">1.5<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2021<\/td><td class=\"has-text-align-center\" data-align=\"center\">10<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2022<\/td><td class=\"has-text-align-center\" data-align=\"center\">15<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2023<\/td><td class=\"has-text-align-center\" data-align=\"center\">18<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<ul>\n<li>DoorDash expanded its subscriber base significantly in 2022 by <strong>acquiring European rival Wolt<\/strong>, which offered a similar subscription model called Wolt+. The combined company ended the year with over <strong>15 million paid members, a surge of more than 5 million subscribers compared to the previous year<\/strong>. (<a href="\&quot;https:\/\/therideshareguy.com\/doordash-statistics\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Ride Share Guy<\/a>)<\/li>\n\n\n\n<li><strong>DoorDash outpaced UberEats in web traffic during April 2024<\/strong>, garnering nearly <strong>60 million<\/strong> global visitors compared to UberEats&#8217; 54 million. (<a href="\&quot;https:\/\/www.statista.com\/statistics\/1452360\/ubereats-vs-doordash-web-traffic-worldwide\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n\n\n\n<li>Despite attracting nearly 60 million visitors to its website (<a href="\&quot;http:\/\/doordash.com\&quot;" rel=\"nofollow noopener\" target=\"_blank\">doordash.com<\/a>) in April 2024, <strong>DoorDash saw almost 38% of them leave after viewing just one page<\/strong> (Bounce Rate). (<a href="\&quot;https:\/\/www.statista.com\/statistics\/1452396\/doordash-web-traffic-worldwide\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n\n\n\n<li>DoorDash secured a strong position in the global food delivery landscape in 2023, with <strong>its app downloaded over 26.46 million times worldwide.<\/strong> (AppMagic, via <a href="\&quot;https:\/\/www.statista.com\/statistics\/1369501\/food-delivery-app-downloads-global\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1500\" height=\"1000\" src=\"https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/2.-Number-of-downloads-of-leading-online-food-delivery-and-takeout-apps-worldwide-in-2023-in-millions.png\" alt=\"\" class=\"wp-image-1760\" srcset=\"https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/2.-Number-of-downloads-of-leading-online-food-delivery-and-takeout-apps-worldwide-in-2023-in-millions.png 1500w, https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/2.-Number-of-downloads-of-leading-online-food-delivery-and-takeout-apps-worldwide-in-2023-in-millions-300x200.png 300w, https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/2.-Number-of-downloads-of-leading-online-food-delivery-and-takeout-apps-worldwide-in-2023-in-millions-1024x683.png 1024w, https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/2.-Number-of-downloads-of-leading-online-food-delivery-and-takeout-apps-worldwide-in-2023-in-millions-768x512.png 768w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" \/><\/figure><\/div>\n\n\n<ul>\n<li>The U.S.-based online food delivery company dominated its home market with a substantial <strong>86% share of global app downloads as of June 2024.<\/strong> (<a href="\&quot;https:\/\/www.statista.com\/statistics\/1441211\/doordash-app-downloads-by-country\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n\n\n\n<li>DoorDash&#8217;s mobile app saw a surge in popularity in <strong>early 2020<\/strong>, reaching a peak of around <strong>3.7 million global downloads in April of that year. <\/strong>(<a href="\&quot;https:\/\/www.statista.com\/statistics\/1441179\/doordash-monthly-app-downloads-worldwide\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n\n\n\n<li>The company experienced a <strong>more modest download rate in January 2024<\/strong>, with approximately <strong>2.5 million<\/strong> global downloads for its mobile app. (<a href="\&quot;https:\/\/www.statista.com\/statistics\/1441179\/doordash-monthly-app-downloads-worldwide\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"door-dash-financial-aspect\">DoorDash Financial Aspect<\/h2>\n\n\n\n<p>DoorDash rapidly emerged as a dominant player in the U.S. food delivery market, capitalizing on underserved suburban and rural areas. This strategic focus, coupled with significant funding, propelled the company to surpass rivals and achieve a $72 billion valuation within seven years of its founding, despite ongoing losses.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"revenue-valuation\">Revenue &amp; Valuation<\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1500\" height=\"1000\" src=\"https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/3.-Annual-revenue-of-DoorDash-from-2019-to-2023-in-million-U.S.-dollars.png\" alt=\"\" class=\"wp-image-1761\" srcset=\"https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/3.-Annual-revenue-of-DoorDash-from-2019-to-2023-in-million-U.S.-dollars.png 1500w, https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/3.-Annual-revenue-of-DoorDash-from-2019-to-2023-in-million-U.S.-dollars-300x200.png 300w, https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/3.-Annual-revenue-of-DoorDash-from-2019-to-2023-in-million-U.S.-dollars-1024x683.png 1024w, https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/3.-Annual-revenue-of-DoorDash-from-2019-to-2023-in-million-U.S.-dollars-768x512.png 768w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" \/><\/figure><\/div>\n\n\n<ul>\n<li>In 2023, DoorDash generated approximately <strong>$8.6 billion revenue<\/strong>, a <strong>31% increase <\/strong>compared to the previous year&#8217;s results. (<a href="\&quot;https:\/\/www.statista.com\/statistics\/1294498\/doordash-annual-revenue\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n\n\n\n<li><strong>DoorDash ranked third in the global online food delivery market in 2023<\/strong>, trailing both Delivery Hero and Uber Eats by $2.33 billion and $3.56 billion, respectively. (<a href="\&quot;https:\/\/www.statista.com\/statistics\/1360183\/revenue-leading-online-food-delivery-companies-worldwide\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n\n\n\n<li><strong>DoorDash grew rapidly during the pandemic<\/strong> and has continued to increase revenues by double-digit percentages each year, with a staggering <strong>226% increase from 2019 to 2020.<\/strong> (<a href="\&quot;https:\/\/www.statista.com\/statistics\/1294498\/doordash-annual-revenue\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n\n\n\n<li>In <strong>Q2 2024<\/strong>, <strong>Revenue<\/strong> <strong>increased 23%<\/strong> year-over-year to <strong>$2.6 billion<\/strong> and <strong>Net Revenue Margin increased to 13.3%<\/strong> from 13.0% in Q2 2023. (<a href="\&quot;https:\/\/ir.doordash.com\/financials\/sec-filings\/default.aspx\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n\n\n\n<li>DoorDash generated <strong>$2.51 billion in revenue during the first quarter of 2024.<\/strong> (<a href="\&quot;https:\/\/ir.doordash.com\/financials\/sec-filings\/default.aspx\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n\n\n\n<li>With <strong>7 million couriers<\/strong>, DoorDash generated over <strong>$15 billion annual earnings in 2023. <\/strong>(<a href="\&quot;https:\/\/ir.doordash.com\/financials\/sec-filings\/default.aspx\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th class=\"has-text-align-center\" data-align=\"center\"><strong>Year<\/strong><\/th><th class=\"has-text-align-center\" data-align=\"center\"><strong>DoorDash Couriers<\/strong><\/th><th class=\"has-text-align-center\" data-align=\"center\"><strong>Annual Earnings<\/strong><\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">2021<\/td><td class=\"has-text-align-center\" data-align=\"center\">6 million<\/td><td class=\"has-text-align-center\" data-align=\"center\">$11 billion<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2022<\/td><td class=\"has-text-align-center\" data-align=\"center\">6 million<\/td><td class=\"has-text-align-center\" data-align=\"center\">$13 billion<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2023<\/td><td class=\"has-text-align-center\" data-align=\"center\">7 million<\/td><td class=\"has-text-align-center\" data-align=\"center\">$15 billion<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<ul>\n<li>DoorDash launched its initial public offering <strong>(IPO) in December 2020<\/strong>, valued at <strong>$72 billion. <\/strong>(<a href="\&quot;https:\/\/www.nytimes.com\/2020\/12\/09\/technology\/doordash-ipo-stock.html\&quot;" rel=\"nofollow noopener\" target=\"_blank\">The New York Times<\/a>)<\/li>\n\n\n\n<li><strong>Market capitalisation increased by 52.41%<\/strong> from previous year, reaching <strong>$50.95 billion<\/strong> as of August 9, 2024. (<a href="\&quot;https:\/\/stockanalysis.com\/stocks\/dash\/market-cap\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Stock Analysis<\/a>)<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"funding-profit-operating-expenses\">Funding, Profit &amp; Operating Expenses<\/h3>\n\n\n\n<p><strong>Is DoorDash Profitable?<\/strong><\/p>\n\n\n\n<p>DoorDash continues to grow in valuation, and revenue, without making a profit. The company achieved its only profitable period during the COVID-19 pandemic, when unprecedented demand for food delivery services created a unique revenue opportunity.<\/p>\n\n\n\n<p>On average, DoorDash&#8217;s net loss increased by approximately 81.05% year-over-year from 2020 to 2023. This suggests a substantial increase in net loss over the years. While still unprofitable, DoorDash&#8217;s net loss contracted substantially in 2023, dropping by around $842 million.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1500\" height=\"1000\" src=\"https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/4.-Net-loss-of-DoorDash-worldwide-from-2019-to-2023in-million-U.S.-dollars.png\" alt=\"\" class=\"wp-image-1762\" srcset=\"https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/4.-Net-loss-of-DoorDash-worldwide-from-2019-to-2023in-million-U.S.-dollars.png 1500w, https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/4.-Net-loss-of-DoorDash-worldwide-from-2019-to-2023in-million-U.S.-dollars-300x200.png 300w, https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/4.-Net-loss-of-DoorDash-worldwide-from-2019-to-2023in-million-U.S.-dollars-1024x683.png 1024w, https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/4.-Net-loss-of-DoorDash-worldwide-from-2019-to-2023in-million-U.S.-dollars-768x512.png 768w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" \/><\/figure><\/div>\n\n\n<ul>\n<li>DoorDash <strong>has not made an annual profit<\/strong> since 2019. (<a href="\&quot;https:\/\/www.statista.com\/statistics\/1374283\/doordash-net-loss\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n\n\n\n<li>In <strong>2022<\/strong>, DoorDash reported a <strong>$1.4 billion net loss <\/strong>for the entire year. That\u2019s a significant <strong>increase in net losses amounting to $897 million.<\/strong> This marked DoorDash\u2019s <strong>first loss of over $1 billion. <\/strong>(<a href="\&quot;https:\/\/www.statista.com\/statistics\/1374283\/doordash-net-loss\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n\n\n\n<li>After reporting a net loss of roughly $1.4 billion in 2022, DoorDash managed to <strong>reduce its losses to approximately $558 million in 2023. <\/strong>(<a href="\&quot;https:\/\/www.statista.com\/statistics\/1374283\/doordash-net-loss\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n\n\n\n<li>The company achieved its <strong>only profitable quarter in Q2 of 2020, earning $23 million, <\/strong>a period coinciding with the peak of the pandemic. (<a href="\&quot;https:\/\/therideshareguy.com\/doordash-statistics\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Ride Share Guy<\/a>)<\/li>\n\n\n\n<li>DoorDash reported a <strong>GAAP net loss of $158 million in Q2 2024<\/strong>, improving from <strong>$172 million<\/strong> in the prior year quarter but higher than the<strong> $25 million<\/strong> loss in Q1 2024. (<a href="\&quot;https:\/\/d18rn0p25nwr6d.cloudfront.net\/CIK-0001792789\/f0258cbf-80d7-4048-85bf-0154f1bea365.pdf\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n\n\n\n<li>In the same period, adjusted <strong>EBITDA increased to $430 million<\/strong> from <strong>$279 million<\/strong> in Q2 2023. (<a href="\&quot;https:\/\/ir.doordash.com\/financials\/sec-filings\/default.aspx\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n<\/ul>\n\n\n\n<p><strong>Funding<\/strong><\/p>\n\n\n\n<ul>\n<li>As of <strong>July 2024<\/strong>, DoorDash had raised <strong>$2.5 billion of investments.<\/strong> (Crunchbase, via <a href="\&quot;https:\/\/www.statista.com\/statistics\/1342513\/funding-online-food-delivery-companies-worldwide\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th class=\"has-text-align-center\" data-align=\"center\"><strong>Date<\/strong><\/th><th class=\"has-text-align-center\" data-align=\"center\"><strong>Amount Raised<\/strong><\/th><th class=\"has-text-align-center\" data-align=\"center\"><strong>Number of Investors<\/strong><\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">June 2020<\/td><td class=\"has-text-align-center\" data-align=\"center\">$400 million<\/td><td class=\"has-text-align-center\" data-align=\"center\">3<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">November 2019<\/td><td class=\"has-text-align-center\" data-align=\"center\">$100 million<\/td><td class=\"has-text-align-center\" data-align=\"center\">1<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">May 2019<\/td><td class=\"has-text-align-center\" data-align=\"center\">$600 million<\/td><td class=\"has-text-align-center\" data-align=\"center\">8<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">February 2019<\/td><td class=\"has-text-align-center\" data-align=\"center\">$400 million<\/td><td class=\"has-text-align-center\" data-align=\"center\">9<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">August 2018<\/td><td class=\"has-text-align-center\" data-align=\"center\">$250 million<\/td><td class=\"has-text-align-center\" data-align=\"center\">2<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">March 2018<\/td><td class=\"has-text-align-center\" data-align=\"center\">$535 million<\/td><td class=\"has-text-align-center\" data-align=\"center\">4<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">March 2016<\/td><td class=\"has-text-align-center\" data-align=\"center\">$127 million<\/td><td class=\"has-text-align-center\" data-align=\"center\">6<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">March 2015<\/td><td class=\"has-text-align-center\" data-align=\"center\">$40 million<\/td><td class=\"has-text-align-center\" data-align=\"center\">9<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">May 2014<\/td><td class=\"has-text-align-center\" data-align=\"center\">$17.3 million<\/td><td class=\"has-text-align-center\" data-align=\"center\">5<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">September 2013<\/td><td class=\"has-text-align-center\" data-align=\"center\">$2.4 million<\/td><td class=\"has-text-align-center\" data-align=\"center\">11<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Source: <a href="\&quot;https:\/\/www.crunchbase.com\/organization\/doordash\/company_financials\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Crunchbase<\/a><\/figcaption><\/figure>\n\n\n\n<p><strong>Operating Expenses<\/strong><\/p>\n\n\n\n<ul>\n<li>DoorDash&#8217;s <strong>operating expenses surged 12.47% to $4.11 billion <\/strong>in 2023, with a hefty <strong>$1.88 billion allocated to sales and marketing. <\/strong>(<a href="\&quot;https:\/\/ir.doordash.com\/financials\/sec-filings\/default.aspx\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n\n\n\n<li>The <strong>company&#8217;s spending continued its upward trajectory,<\/strong> reaching <strong>$1.1 billion<\/strong> in operating expenses during the <strong>first quarter of 2024.<\/strong> (<a href="\&quot;https:\/\/ir.doordash.com\/financials\/sec-filings\/default.aspx\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th class=\"has-text-align-center\" data-align=\"center\">Year<\/th><th class=\"has-text-align-center\" data-align=\"center\">DoorDash Sales and Marketing Expenses<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">2018<\/td><td class=\"has-text-align-center\" data-align=\"center\">$135 million<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2019<\/td><td class=\"has-text-align-center\" data-align=\"center\">$594 million<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2020<\/td><td class=\"has-text-align-center\" data-align=\"center\">$957 million<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2021<\/td><td class=\"has-text-align-center\" data-align=\"center\">$1.62 billion<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2022<\/td><td class=\"has-text-align-center\" data-align=\"center\">$1.68 billion<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2023<\/td><td class=\"has-text-align-center\" data-align=\"center\">$1.88 billion<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Q1 2024<\/td><td class=\"has-text-align-center\" data-align=\"center\">$504 million<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<ul>\n<li>DoorDash invested <strong>$1 billion in research and development<\/strong> in 2023, followed by an additional $279 million in the first quarter of 2024. (<a href="\&quot;https:\/\/ir.doordash.com\/financials\/sec-filings\/default.aspx\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n\n\n\n<li><strong>General and administrative costs for DoorDash totaled $1.24 billion<\/strong> for the entirety of 2023 and continued with a $319 million expenditure in the initial quarter of the subsequent year. (<a href="\&quot;https:\/\/ir.doordash.com\/financials\/sec-filings\/default.aspx\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"door-dash-market-share-in-the-us\">DoorDash Market Share in the US<\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1500\" height=\"1000\" src=\"https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/5.-Market-share-of-leading-online-meal-delivery-companies-in-the-United-States-as-of-March-2024.png\" alt=\"\" class=\"wp-image-1763\" srcset=\"https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/5.-Market-share-of-leading-online-meal-delivery-companies-in-the-United-States-as-of-March-2024.png 1500w, https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/5.-Market-share-of-leading-online-meal-delivery-companies-in-the-United-States-as-of-March-2024-300x200.png 300w, https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/5.-Market-share-of-leading-online-meal-delivery-companies-in-the-United-States-as-of-March-2024-1024x683.png 1024w, https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/5.-Market-share-of-leading-online-meal-delivery-companies-in-the-United-States-as-of-March-2024-768x512.png 768w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" \/><\/figure><\/div>\n\n\n<ul>\n<li>The <strong>food delivery app market expanded by 16.8% in 2023<\/strong>, reaching a total value of <strong>$99.1 billion. <\/strong>(<a href="\&quot;https:\/\/www.businessofapps.com\/data\/food-delivery-app-report\/?utm_source=food%20delivery&amp;utm_medium=click&amp;utm_campaign=infogram\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Business of Apps<\/a>)<\/li>\n\n\n\n<li>With a <strong>market share of 67% as of March 2024<\/strong>, DoorDash dominated the online food delivery market in the United States. Uber Eats followed with the second highest share of 23%. (<a href="\&quot;https:\/\/www.statista.com\/statistics\/1235724\/market-share-us-food-delivery-companies\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th class=\"has-text-align-center\" data-align=\"center\">Year<\/th><th class=\"has-text-align-center\" data-align=\"center\">DoorDash<\/th><th class=\"has-text-align-center\" data-align=\"center\">Grubhub<\/th><th class=\"has-text-align-center\" data-align=\"center\">Uber Eats<\/th><th class=\"has-text-align-center\" data-align=\"center\">Postmates<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">2016<\/td><td class=\"has-text-align-center\" data-align=\"center\">5<\/td><td class=\"has-text-align-center\" data-align=\"center\">70<\/td><td class=\"has-text-align-center\" data-align=\"center\">5<\/td><td class=\"has-text-align-center\" data-align=\"center\">3<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2017<\/td><td class=\"has-text-align-center\" data-align=\"center\">8<\/td><td class=\"has-text-align-center\" data-align=\"center\">50<\/td><td class=\"has-text-align-center\" data-align=\"center\">13<\/td><td class=\"has-text-align-center\" data-align=\"center\">13<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2018<\/td><td class=\"has-text-align-center\" data-align=\"center\">15<\/td><td class=\"has-text-align-center\" data-align=\"center\">37<\/td><td class=\"has-text-align-center\" data-align=\"center\">24<\/td><td class=\"has-text-align-center\" data-align=\"center\">9<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2019<\/td><td class=\"has-text-align-center\" data-align=\"center\">30<\/td><td class=\"has-text-align-center\" data-align=\"center\">20<\/td><td class=\"has-text-align-center\" data-align=\"center\">32<\/td><td class=\"has-text-align-center\" data-align=\"center\">11<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2020<\/td><td class=\"has-text-align-center\" data-align=\"center\">45<\/td><td class=\"has-text-align-center\" data-align=\"center\">18<\/td><td class=\"has-text-align-center\" data-align=\"center\">22<\/td><td class=\"has-text-align-center\" data-align=\"center\">8<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2021<\/td><td class=\"has-text-align-center\" data-align=\"center\">57<\/td><td class=\"has-text-align-center\" data-align=\"center\">16<\/td><td class=\"has-text-align-center\" data-align=\"center\">26<\/td><td class=\"has-text-align-center\" data-align=\"center\"><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2022<\/td><td class=\"has-text-align-center\" data-align=\"center\">65<\/td><td class=\"has-text-align-center\" data-align=\"center\">9<\/td><td class=\"has-text-align-center\" data-align=\"center\">25<\/td><td class=\"has-text-align-center\" data-align=\"center\"><\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">DoorDash US Market Share vs. Competitors<\/figcaption><\/figure>\n\n\n\n<ul>\n<li>DoorDash&#8217;s <strong>market share has steadily increased<\/strong> since its 18% share in July 2018. (<a href="\&quot;https:\/\/secondmeasure.com\/datapoints\/food-delivery-services-grubhub-uber-eats-doordash-postmates\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Second Measure<\/a>)<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th class=\"has-text-align-center\" data-align=\"center\">Date<\/th><th class=\"has-text-align-center\" data-align=\"center\">DoorDash US Market Share<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">July 2018<\/td><td class=\"has-text-align-center\" data-align=\"center\">18%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">September 2019<\/td><td class=\"has-text-align-center\" data-align=\"center\">35%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">April 2020<\/td><td class=\"has-text-align-center\" data-align=\"center\">45%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">October 2020<\/td><td class=\"has-text-align-center\" data-align=\"center\">48%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">January 2021<\/td><td class=\"has-text-align-center\" data-align=\"center\">53%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">April 2021<\/td><td class=\"has-text-align-center\" data-align=\"center\">56%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">May 2021<\/td><td class=\"has-text-align-center\" data-align=\"center\">57%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">May 2022<\/td><td class=\"has-text-align-center\" data-align=\"center\">59%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">May 2023<\/td><td class=\"has-text-align-center\" data-align=\"center\">65%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">May 2024<\/td><td class=\"has-text-align-center\" data-align=\"center\">67%<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">DoorDash Market Share in the US from July 2018 &#8211; May 2024<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"total-orders-marketplace-gov-gross-order-value\">Total Orders &amp; Marketplace GOV (Gross Order Value)<\/h3>\n\n\n\n<p>Founded in a Stanford dorm room in 2013, DoorDash has evolved from a food delivery service to a comprehensive platform offering on-demand delivery of groceries, beauty products, and convenience store items, delivering millions of orders and meals across different countries.<\/p>\n\n\n\n<ul>\n<li>DoorDash reached their <strong>first 1 million deliveries in 2015.<\/strong> (<a href="\&quot;https:\/\/www.businessinsider.com\/doordash-history-milestones-food-delivery-2023-7#2018dashpass-debuts-driving-loyalty-5\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Business Insider<\/a>)<\/li>\n\n\n\n<li>DoorDash dominates U.S. food delivery with <strong>70% of consumers using the platform in the past year, <\/strong>according to a 2024 survey of 3,269 Americans. Uber Eats follows with 47% usage. (<a href="\&quot;https:\/\/www.statista.com\/forecasts\/997171\/online-food-delivery-bookings-by-brand-in-the-us\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n\n\n\n<li>In <strong>Q1 2024<\/strong>, <strong>Total Orders increased to 620 million<\/strong>, accounting to <strong>21% growth<\/strong> compared to the same quarter of 2023. The surge was primarily driven by increased customer acquisition and engagement. (<a href="\&quot;https:\/\/d18rn0p25nwr6d.cloudfront.net\/CIK-0001792789\/65f1a942-4e54-4000-a85d-694f0a485a29.pdf\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n\n\n\n<li><strong>Q2 2024<\/strong>: <strong>Total Orders increased 19%<\/strong> year-over-year to <strong>635 million<\/strong> and <strong>Marketplace GOV<\/strong> <strong>increased 20% <\/strong>year-over-year to <strong>$19.7 billion.<\/strong> (<a href="\&quot;https:\/\/ir.doordash.com\/financials\/sec-filings\/default.aspx\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n\n\n\n<li>In <strong>2023<\/strong>, <strong>Total Orders completed<\/strong> on DoorDash marketplaces reached <strong>2.16 billion<\/strong>, an increase from the previous year&#8217;s order volume of <strong>1.74 billion<\/strong>.\u00a0(<a href="\&quot;https:\/\/www.statista.com\/statistics\/1374238\/doordash-total-order-volume\/#:~:text=Number%20of%20orders%20made%20on%20DoorDash%20marketplaces%202019%2D2023&amp;text=In%202023%2C%20total%20orders%20completed,operator%20in%20the%20United%20States.\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n\n\n\n<li>DoorDash <strong>average order size was $37.28<\/strong>, only 20 percent spent more than $50. (<a href="\&quot;http:\/\/www.rakutenintelligence.com\/blog\/2016\/postmates-doordash-high-growth\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Rakuten<\/a>)<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th class=\"has-text-align-center\" data-align=\"center\">Year<\/th><th class=\"has-text-align-center\" data-align=\"center\">DoorDash Total Orders<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">2018<\/td><td class=\"has-text-align-center\" data-align=\"center\">83 million<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2019<\/td><td class=\"has-text-align-center\" data-align=\"center\">263 million<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2020<\/td><td class=\"has-text-align-center\" data-align=\"center\">816 million<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2021<\/td><td class=\"has-text-align-center\" data-align=\"center\">1.39 billion<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2022<\/td><td class=\"has-text-align-center\" data-align=\"center\">1.736 billion<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2023<\/td><td class=\"has-text-align-center\" data-align=\"center\">2.161 billion<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Q1 2024<\/td><td class=\"has-text-align-center\" data-align=\"center\">620 million<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">DoorDash Total Orders 2018 &#8211; Q1 2024<\/figcaption><\/figure>\n\n\n\n<p><strong>Marketplace GOV (Gross Order Value):<\/strong> DoorDash refers to the total value of completed orders as \u201cmarketplace gross order value\u201d. This includes any applicable taxes, tips, membership, and other fees. The company\u2019s 2023 gross order value surged by over 700% to $66.8 billion from pre-pandemic levels of approximately $8 billion. The company&#8217;s 2022 acquisition of Wolt contributed significantly to this growth. (<a href="\&quot;https:\/\/www.statista.com\/statistics\/1374255\/doordash-marketplace-gov\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/p>\n\n\n\n<ul>\n<li>In the first quarter of 2024, <strong>Marketplace GOV increased to $19.2 billion<\/strong>, or <strong>21% growth<\/strong> compared to the same quarter of 2023, driven primarily by growth in Total Orders. (<a href="\&quot;https:\/\/d18rn0p25nwr6d.cloudfront.net\/CIK-0001792789\/65f1a942-4e54-4000-a85d-694f0a485a29.pdf\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n\n\n\n<li>That\u2019s a total of <strong>$66.77 billion worth of orders processed <\/strong>on the platform in 2023. (<a href="\&quot;https:\/\/d18rn0p25nwr6d.cloudfront.net\/CIK-0001792789\/65f1a942-4e54-4000-a85d-694f0a485a29.pdf\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n\n\n\n<li>DoorDash&#8217;s <strong>marketplace gross order value tripled from 2020 to 2023,<\/strong> demonstrating rapid growth in platform activity. (<a href="\&quot;https:\/\/ir.doordash.com\/financials\/sec-filings\/default.aspx\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n\n\n\n<li>DoorDash <strong>anticipates continued growth in Q3 2024<\/strong>, projecting Marketplace GOV between <strong>$19.4 billion and $19.8 billion<\/strong> and Adjusted EBITDA ranging from<strong> $470 million to $540 million. <\/strong>(<a href="\&quot;https:\/\/d18rn0p25nwr6d.cloudfront.net\/CIK-0001792789\/f0258cbf-80d7-4048-85bf-0154f1bea365.pdf\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th class=\"has-text-align-center\" data-align=\"center\">Year<\/th><th class=\"has-text-align-center\" data-align=\"center\">DoorDash Marketplace GOV<\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">2018<\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>$2.8<\/strong>1 billion<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2019<\/td><td class=\"has-text-align-center\" data-align=\"center\">$8.04 billion<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2020<\/td><td class=\"has-text-align-center\" data-align=\"center\">$24.66 billion<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2021<\/td><td class=\"has-text-align-center\" data-align=\"center\">$41.94 billion<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2022<\/td><td class=\"has-text-align-center\" data-align=\"center\">$53.41 billion<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2023<\/td><td class=\"has-text-align-center\" data-align=\"center\">$66.77 billion<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Q1 2024<\/td><td class=\"has-text-align-center\" data-align=\"center\">$19.24 billion<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Marketplace Gross Order Value 2018 &#8211; Q1 2024<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"door-dash-riders-employees\">DoorDash Riders &amp; Employees<\/h2>\n\n\n\n<p>From humble beginnings with its founders serving as the first delivery drivers, DoorDash has grown into a global operation employing over 19,300 people as of the end of 2023. Today, the company offers its delivery couriers flexibility, with over 62% of Dashers working less than 4 hours per week on the app.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1500\" height=\"1000\" src=\"https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/6.-Number-of-employees-of-DoorDash-worldwide-from-2020-to-2023.png\" alt=\"\" class=\"wp-image-1764\" srcset=\"https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/6.-Number-of-employees-of-DoorDash-worldwide-from-2020-to-2023.png 1500w, https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/6.-Number-of-employees-of-DoorDash-worldwide-from-2020-to-2023-300x200.png 300w, https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/6.-Number-of-employees-of-DoorDash-worldwide-from-2020-to-2023-1024x683.png 1024w, https:\/\/pub.wethrift.com\/wp-content\/uploads\/2024\/08\/6.-Number-of-employees-of-DoorDash-worldwide-from-2020-to-2023-768x512.png 768w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" \/><\/figure><\/div>\n\n\n<ul>\n<li>As of December 31, 2023, <strong>DoorDash had over 19,300 employees worldwide.<\/strong> (<a href="\&quot;https:\/\/d18rn0p25nwr6d.cloudfront.net\/CIK-0001792789\/22478833-4051-473e-9a9d-048e0c200bfa.pdf\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n\n\n\n<li>That\u2019s an <strong>increase of 14.9% from the previous year&#8217;s headcount of 16,800 employees.<\/strong> (<a href="\&quot;https:\/\/www.statista.com\/statistics\/1454016\/doordash-headcount-globally\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n\n\n\n<li>Over <strong>7 million individuals served as Dashers <\/strong>(delivery couriers) in 2023, collectively earning more than <strong>$15 billion. <\/strong>(<a href="\&quot;https:\/\/d18rn0p25nwr6d.cloudfront.net\/CIK-0001792789\/22478833-4051-473e-9a9d-048e0c200bfa.pdf\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n\n\n\n<li>During the 4th quarter of 2022, <strong>62% of dashers spent less than 4 hours per week <\/strong>on the DoorDash app, with a significant portion of this time being inactive. (<a href="\&quot;https:\/\/about.doordash.com\/en-us\/news\/owning-their-time-how-dashers-weave-delivering-into-their-everyday-lives\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n\n\n\n<li><strong>59% of Dashers<\/strong> indicated that they would <strong>spend less time caring for loved ones if flexible work options were unavailable.<\/strong> While over three-quarters <strong>(76%) stated that they would reduce household spending without the flexibility offered by dashing.<\/strong> (<a href="\&quot;https:\/\/about.doordash.com\/en-us\/news\/owning-their-time-how-dashers-weave-delivering-into-their-everyday-lives\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n\n\n\n<li>The <strong>ability to start and stop dashing at will <\/strong>is crucial for <strong>84% of Dashers.<\/strong> (<a href="\&quot;https:\/\/about.doordash.com\/en-us\/news\/owning-their-time-how-dashers-weave-delivering-into-their-everyday-lives\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n\n\n\n<li>Compared to 2017, the company\u2019s <strong>workforce expanded by nearly 1,900%<\/strong>, adding <strong>1.9 million new riders between mid-2020 and early 2021,<\/strong> largely driven by the pandemic as increased food delivery demand coincided with high unemployment rates. (<a href="\&quot;https:\/\/www.dispatch.com\/story\/business\/2021\/02\/23\/driving-doordash-uber-eats-busier-covid-pandemic-pays-same\/4433876001\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">The Columbus Dispatch<\/a>)<\/li>\n\n\n\n<li>DoorDash <strong>laid off 1,250 employees in November 2022 <\/strong>amid industry-wide challenges, including declining demand and increased competition in the post-pandemic environment. (<a href="\&quot;https:\/\/www.statista.com\/statistics\/1325085\/food-delivery-startups-layoffs\/\&quot;" rel=\"nofollow noopener\" target=\"_blank\">Statista<\/a>)<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"door-dash-restaurants-merchants\"><strong>DoorDash Restaurants &amp; Merchants<\/strong><\/h2>\n\n\n\n<ul>\n<li>DoorDash had <strong>550,000 partnered restaurants and grocery markets <\/strong>on its platform in 2023. (<a href="\&quot;https:\/\/get.doordash.com\/en-us\/faq\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n\n\n\n<li><strong>Project DASH<\/strong> has delivered more than <strong>6 million orders<\/strong>, equaling to over <strong>100 million meals<\/strong> since they started in 2018. (<a href="\&quot;https:\/\/ir.doordash.com\/news\/news-details\/2024\/Celebrating-More-Than-100-Million-Meals-Delivered-Through-Project-DASH\/default.aspx\&quot;" rel=\"nofollow noopener\" target=\"_blank\">DoorDash<\/a>)<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th class=\"has-text-align-center\" data-align=\"center\"><strong>Year<\/strong><\/th><th class=\"has-text-align-center\" data-align=\"center\"><strong>Restaurants<\/strong><\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">2017<\/td><td class=\"has-text-align-center\" data-align=\"center\">59,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2018<\/td><td class=\"has-text-align-center\" data-align=\"center\">100,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2019<\/td><td class=\"has-text-align-center\" data-align=\"center\">258,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2020<\/td><td class=\"has-text-align-center\" data-align=\"center\">340,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2021<\/td><td class=\"has-text-align-center\" data-align=\"center\">390,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2022<\/td><td class=\"has-text-align-center\" data-align=\"center\">465,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2023<\/td><td class=\"has-text-align-center\" data-align=\"center\">550,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"whats-next-for-door-dash\">What\u2019s Next for DoorDash?<\/h2>\n\n\n\n<p>DoorDash has rapidly evolved from a small-scale delivery service into a global platform, expanding its offerings beyond food to groceries, retail, and more.<\/p>\n\n\n\n<p>While the company has achieved significant market dominance, operating in more than 7,000 cities worldwide, sustaining growth and profitability in a competitive landscape remains a key challenge.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From humble beginnings delivering food to Stanford students in 2013, DoorDash has become the undisputed leader in online food delivery, especially in the US. Boasting a staggering 67% market share and processing billions in orders, it has revolutionised the way we get food. Originally known as PaloAltoDelivery.com, the company&#8217;s early days were marked by a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1765,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[25],"wt_featured":null,"wt_store_slugs":null,"_links":{"self":[{"href":"https:\/\/pub.wethrift.com\/wp-json\/wp\/v2\/posts\/1766"}],"collection":[{"href":"https:\/\/pub.wethrift.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pub.wethrift.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pub.wethrift.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pub.wethrift.com\/wp-json\/wp\/v2\/comments?post=1766"}],"version-history":[{"count":16,"href":"https:\/\/pub.wethrift.com\/wp-json\/wp\/v2\/posts\/1766\/revisions"}],"predecessor-version":[{"id":1782,"href":"https:\/\/pub.wethrift.com\/wp-json\/wp\/v2\/posts\/1766\/revisions\/1782"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pub.wethrift.com\/wp-json\/wp\/v2\/media\/1765"}],"wp:attachment":[{"href":"https:\/\/pub.wethrift.com\/wp-json\/wp\/v2\/media?parent=1766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pub.wethrift.com\/wp-json\/wp\/v2\/categories?post=1766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pub.wethrift.com\/wp-json\/wp\/v2\/tags?post=1766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}