DoorDash Reports Over $1 Billion of Revenue in Q3

Food delivery company DoorDash (NYSE: DASH) was in the right business at the right time at the onset of the pandemic. With in-person dining restrictions, hungry customers chose to order takeout and delivery from their favorite restaurants. DoorDash's platform helped restaurants survive the outbreak as online orders became the only option for businesses that had to otherwise shut down completely.

The company is quickly branching out into delivering other items its users often want in a hurry. Those additions -- plus recurring orders from its most loyal customers -- helped push revenue over $1 billion in the third quarter.

DoorDash stock is having an excellent year. Image source: Getty Images.

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Source Fool.com