![]() For the same period, Uber reported a 33% increase in gross bookings for its delivery business. “With respect to Q4, we believe we gained share faster than our peers based on their publicly reported numbers,” Adarkar said.ĭoorDash said its fourth-quarter gross-order value grew 36% year over year. 1.95% reporting earnings last week and Uber CEO Dara Khosrowshahi saying that “Uber Eats became the fastest-growing delivery player in America.” Analysts had expected a loss of $405 million, and an adjusted loss of $1.18 a share, on $4.78 billion in revenue.Īnalysts asked the executives about market share and competition, in light of Uber Technologies Inc. That compares with a loss of $461 million, or $7.39 a share, in the previous year. The company reported a narrower fourth-quarter loss of $155 million, or 45 cents a share, compared with its net loss of $312 million, or $2.67 a share, in the year-ago period.Īnalysts surveyed by FactSet had forecast a loss of $92 million, and an adjusted loss of 23 cents a share, on revenue of $1.28 billion.įor the full year, the company reported a net loss of $468 million, or $1.39 a share, on revenue of $4.9 billion. Though the delivery-app company handily beat analysts’ revenue forecasts, it posted bigger losses than analysts had expected for both the fourth quarter and the full year.ĭoorDash revenue rose to $1.3 billion from $970 million in the year-ago quarter. ![]() ![]() Soared 28% after hours, after falling nearly 7% in the regular session to close at $94.88.įourth-quarter gross-order value increased to $11.16 billion, exceeding analysts’ expectation of $10.64 billion, on 369 million orders, more than the 361 million orders analysts expected.ĭoorDash Chief Financial Officer Prabir Adarkar said although the company’s growth has “normalized” compared to its skyrocketing growth when the pandemic began in 2020, “where we are today is still better than pre-pandemic levels.” ![]()
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