By Sam Boughedda
Investing.com -- DoorDash Inc (NYSE:DASH) shares opened up Thursday's session at $116 after the previous day's $94.89 close after the company reported its fourth-quarter earnings Wednesday after the bell.
While the company's loss per share came in below the 21 cents estimate at 45 cents, revenue beat analyst expectations of $1.28 billion, coming in at $1.3 billion.
The company's earnings were boosted by strong order numbers and users.
The gross order value increased 36% year-over-year to $11.2 billion during the quarter, while 369 million orders were made. In addition, the company achieved record monthly active users of over 25 million, up 22% year-over-year.
DoorDash was a significant winner during the pandemic, with lockdowns resulting in a rapid rise in food deliveries. The company also capitalized on the demand for deliveries by moving beyond just food to items such as flowers, groceries, and alcohol.
The company expects Q1 marketplace gross order value to be in a range of $11.4 billion to $11.8 billion, with a full-year 2022 marketplace gross order value between $48 billion and $50 billion.