DoorDash Sees a Year of Slower Growth as Vaccines Could Sap Delivery Demand – WSJ

Written by Eliot Brown

DoorDash Inc. DASH -2.71% prospered as the coronavirus pandemic caused families around the country to turn to the food-delivery company for at-home meals, taking business from rivals Grubhub Inc. GRUB +1.38% and Uber Technologies Inc. UBER +2.05%

In its first financial report since its initial public offering, the eight-year-old San Francisco company logged $970 million in revenue over the final quarter of 2020, up from nearly $300 million over the same period in 2019. But it said the days of breakneck growth are ending as vaccinations sweep the country and the economy crawls toward reopening, forecasting a major slowdown in new food orders for 2021.

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By Valerie Lam
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