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DoorDash files for IPO, says it had revenue of $1.9B and loss of $149M in the first nine months of 2020, vs. revenue of $587M and loss of $533M a year ago

- DoorDash, the leading food delivery app in the U.S., filed its IPO prospectus with the Securities and Exchange Commission on Friday.

CNBC Lauren Feiner

Discussion

  • @halsinger Hal Singer on x
    We must eliminate the “risk” of competition through merger https://www.nytimes.com/... https://twitter.com/...
  • @laurenkgurley Lauren Kaori Gurley on x
    This is DoorDash's mission, according to CEO Tony Xu in company's public filing today: “DoorDash exists today to empower those like my Mom who came here with a dream to make it on their own. Fighting for the underdog is...what we stand for as a company” https://sec.gov/...
  • @davelu Dave Lu on x
    How it started: 3 Asian-American guys delivering falafels at Stanford. How it's going: https://www.axios.com/...
  • @thestalwart Joe Weisenthal on x
    Doordash briefly turned profitable during the pandemic. To the extent that this whole year has been a huge trend accelerator, perhaps it indicates that all these money-losing delivery companies have a better path to making money than people appreciate https://www.bloomberg.com/..…
  • @axios @axios on x
    DoorDash this morning filed for its IPO, which is expected to price in the window between Thanksgiving and Christmas. https://www.axios.com/...
  • @ellenhuet Ellen Huet on x
    it is a shocking missed opportunity that none of these companies has yet given their employees swag in the form of platform shoes pls fix thx https://twitter.com/...
  • @kennwhite Kenn White on x
    “In a clear sign of the pandemic's effect, DoorDash had 543M orders through Sept of this year, compared with 181M in the same period a year earlier” https://www.nytimes.com/...
  • @lethain Will Larson on x
    After working in infrastructure for a long time, the way I read S-1's is to google for “AWS” and “GCP” and try to understand their cloud economics and disaster recovery. From Doordash's today: https://www.sec.gov/... https://twitter.com/...
  • @lamonicabuzz Paul R. La Monica on x
    DoorDash is still losing money. But numbers going in right direction. Net loss in first nine months of 2019: $533M. Net loss for first nine months of 2020: $149M. And the revenue growth is bonkers. $1.9B so far this year vs. $587M a year ago. $DASH https://www.sec.gov/...
  • @alisonfrankel Alison Frankel on x
    Tidbit from Door Dash's IPO filing at the SEC: Company warns that its mandatory arbitration and class waiver provisions are under “increasing public scrutiny” and it might not enforce them “to minimize these risks to our reputation and brand.” https://www.sec.gov/...
  • @danprimack Dan Primack on x
    My top takeaway from DoorDash IPO filing: “There's a lot more noise than signal because of the pandemic.” https://www.axios.com/...
  • @nytimestech @nytimestech on x
    DoorDash, the largest food delivery start-up in the United States, revealed that it is losing money even as the coronavirus pandemic has spurred a huge surge in orders, according to financial documents released as the company prepares to go public https://www.nytimes.com/...
  • @danprimack Dan Primack on x
    DoorDash files for its long-awaited IPO https://www.axios.com/...
  • @ericnewcomer Eric Newcomer on x
    “Our former Dasher pay model has also led, and may continue to lead, to some consumers providing lower tips, or no tips at all, to Dashers, which could impact the amount that Dashers are able to earn on our platform and our ability to attract and retain Dashers.”
  • @wsj @wsj on x
    DoorDash's IPO paperwork showed the food-delivery service turned a surprising profit during the pandemic before falling back to a loss last quarter https://www.wsj.com/...
  • @alex Very Tired Alex on x
    here it is https://techcrunch.com/... — shoutout @DannyCrichton for the rapid-fire edit/math check
  • @stevekovach Steve Kovach on x
    $1.9 billion in revenue 9 months ending Sept. 30 this year. $149 million net loss. Compare that to... Uber https://twitter.com/...
  • @stevekovach Steve Kovach on x
    DoorDash S-1 is out https://www.cnbc.com/...
  • @msnabilaahmed Nabila Ahmed on x
    IPO rush to end the year: Airbnb, DoorDash, Wish and Affirm all set to list, adding billions of dollars to the record total of more than $140 billion raised on US exchanges already this year. https://www.bloomberg.com/... @crystalttc @Katie_Roof @BloombergDeals
  • @katie_roof @katie_roof on x
    Now that the election is over and the markets are fine, we spent all week figuring out which companies are going public in the next IPO window between Thanksgiving and Christmas. It's not just Airbnb! Watch out for Doordash, Wish and Affirm https://www.bloomberg.com/...