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DoorDash IPO Filing Shows a Profitable Quarter

DoorDash IPO Filing Shows a Profitable Quarter

DoorDash Inc. unveiled paperwork for its initial public offering on Friday, showing the food-delivery service turned a surprising quarterly profit dur

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DoorDash Inc. unveiled paperwork for its initial public offering on Friday, showing the food-delivery service turned a surprising quarterly profit during the coronavirus pandemic before falling back to a loss in the September quarter.

For the three months ended in June, the filing showed the company reaped $675 million in revenue and a profit of $23 million. In the quarter ended in September, revenue grew to $879 million, though the company posted a net loss of $43 million.

The…

This post first appeared on wsj.com

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