DoorDashAfter the closing of the company, stock prices rose by more than 10% reported 35% revenue growthIn the first quarter of the year, this suggests that even though pandemics have impacted the economy, the core business of providing takeout food could still be a viable one.

However, on Thursday the stock crashed during trading in regular sessions, falling more than 10% a bad day for markets in general.

This is how Doordash compared to Refinitiv consensus estimations:

• Per share lossExpected loss: 0.41 per share, $0.48 per loss
• Revenue: $1.46 billion versus $1.38 billion estimated

DoorDash reported that the number of its orders during the fourth quarter rose by 23% to 409 million. It also said it had added the largest new customers since 2021’s first quarter, when there was a severe wave of Covid infection in the United States.

DoorDash, however, reported revenue growth at a slower pace than in the same quarter of 2021 (when net sales tripled).

DoorDash reported that the EBITDA (which excludes some costs like its legal battles over worker classifications and taxes) rose from $43 million to $54 millions in March 2021 quarter.

DoorDash projects EBITDA to be between $0 million and $100 millions in the current quarter.

According to the company, it sent investors a note stating that DoorDash was gaining market share in America’s food delivery market. It also stated that the company plans to use cash generated by food deliveries for other purposes, including grocery and alcohol delivery.

According to the company, it also stated that they paid less incentives and promotions for delivery workers than in the first quarter 2021.