DoorDash Inc. Reports Impressive Q1 Growth

In a remarkable turnaround, DoorDash Inc. announced on Tuesday that its first-quarter revenue for fiscal 2025 soared by 21% compared to the previous year, reaching an impressive $3 billion.

Financial Highlights

The company not only reversed its fortunes from a net loss of $23 million in Q1 2024 to a net income of $193 million but also reported a significant improvement in diluted earnings per share (EPS), which stood at $0.44, up from a loss of $0.06 per share in the same quarter last year.

Order Volume on the Rise

Adding to the positive news, DoorDash experienced an 18% increase in total orders, totaling 732 million, signaling strong consumer demand and operational efficiency.

Stay tuned for more updates as this story develops.