Is DoorDash Profitable in 2024?

DoorDash's Business Model

DoorDash is a food delivery app that connects restaurants to customers for the delivery of food right in the comfort of the user’s home.

DoorDash's Network

DoorDash is used by 20 million users annually and is a dominator in the food delivery segment. And the company has a wide network of 450,000 restaurants and over a million drivers who fulfill customer orders.

How Does DoorDash Make Money?

- Advertisements - Restaurant Commissions - Delivery Fees - Subscriptions - Dashmart - DoorDash Drive - Other Projects

DoorDash Annual Revenue

DoorDash’s annual revenue increased by 34.8% to $6.58 billion in 2022.

DoorDash Keeps Losing Money

DoorDash has high variable costs on every order that makes up for 50% of revenue, and then it spends 25% of its revenue on marketing and sales to retain and attract more customers.

Is DoorDash Profitable?

In 2022, DoorDash's total net loss amounted to $1.3 billion compared to the net loss of $468 million in the previous year.