DoorDash (NYSE: DASH) stock began to struggle after the height of the pandemic, when the company's food delivery service surged in popularity. It's currently down 74% from its all-time high -- and based on at least one key valuation metric, it's still more expensive than its key competitor. 

DoorDash grappled with slowing sales growth and blowout net losses in 2022, but it saw an improvement on both fronts in the first quarter of 2023. Here are three things investors learned from its Q1 report released on May 4. 

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Source Fool.com