DoorDash net loss 2019-2023

In 2023, DoorDash incurred a net loss amounting to approximately 558 million U.S. dollars, a substantial decrease from the previous year's net loss of approximately 1.4 billion U.S. dollars.

The race to profitability

DoorDash is among the e-commerce companies that achieved tremendous success in recent years. The global appeal of online food delivery services and the rise of third-party apps like Uber Eats, Deliveroo, and DoorDash led to spike in consumer demand, which flooded the market with funding, but also overcrowded the landscape with many operators competing for consumer reach. In 2023, the top food delivery companies around the globe shifted their focus towards scaling operations and achieving long-awaited profitability. Minimizing their operating losses is a first step towards that goal.

DoorDash in Europe? That must be Wolt

In June 2022, DoorDash completed its acquisition of Finland's Wolt for a deal that made it to the list of top e-commerce start-up acquisitions. In a bid to expand and consolidate its global reach, the acquisition of Wolt gave DoorDash access to multiple overseas markets and contributed to a significant increase in the total dollar value of orders made on its marketplaces. In 2023, that figure amounted to a stunning 67 billion U.S. dollars.