DoorDash statistics refer to the data about its various operations like the number of customers, orders per day, gross income, goodwill, the number of repeat sales made by it in the last year, and many more of these data tell us the general response of the public and other stakeholders to it. Statistics further help in framing business policies of the chain and help in its development.
Why Should We Examine The Statistics?
To some people, statistics seem useless as what will happen is contingent. This is partially true. Knowing the statistics helps a lot in predicting what might come in the future or what might be done to improve something. The Statistics of DoorDash prove to be useful because:
DoorDash statistics will help us know the hold it has on the customers of the market. For example, if it is 5% then 5% of the customers prefer it. Based on this, we can make our choice of where to order food from.
Statistics also help in reviewing a brand or its work. A sample of people with their respective reviews helps in testing the overall rating of the brands.
Statistics helps in accurate analysis and understanding of anything. Now, this analysis, not often for public use, helps in predicting where the sales or revenue curve might go in the future. This further helps in policy making which might get you better deals.
The statistics of DoorDash are necessary to check the level of competition in its industry without which it might not give out deals.
DoorDash Statistics
DoorDash Statistics can be divided into various categories:
- Growth Statistics:
After its inception in 2013, it expanded to around 70 restaurants and received about $2.4 million in funding. It aims to incorporate AI into its delivery systems.
Within some time DoorDash grabbed the top position in the US food delivery market. In 2020, it delivered around 45% of the market’s orders, surpassing UberEats.
Revenue Statistics: DoorDash has seen an interesting revenue and sales trend. Its quarter-wise revenue has increased by around 388% to around $1.456 billion from 2019 to the last quarter of 2021. Its total revenue in 2021 accounted for about $4.88 billion. This is a spectacular figure and says a lot about its functioning and sales. This shows that DoorDash is expanding year by year in the highly competitive industry like food delivery. This also says that its service has been appreciated and repeated by customers. Thus, DoorDash is prospering in the industry with such a high and rising sales record.
Profit Statistics: though DoorDash seems wealthy revenue-wise, its profitability is considerably less, following the trend of most online food delivery firms like Uber eat. Instead, it has been facing losses in the past years, despite rising revenue. Such startling kinds of data help us know unique facts and conditions about how businesses work. It incurred losses of around $500 million in 2021. Only one quarter of April 2020 showed profits of $23 million. This is due to high competition in the industry and cutting in delivery costs.
Number of Subscribers: The number of subscribers rose from 0.8 million in 2019 to 1.5 million in 2020. This depicts that the customer base of DoorDash is rising and is one of the reasons for its striving in the industry despite the losses.
DoorDash Stock: DoorDash stock has also observed a huge rise in its value from around $0.5 million in 2015 to $16 million in 2020. This increase of over 1000% depicts that the overall value of DoorDash is ever-increasing along with its assets and funding.
Market Share: DoorDash has been outperforming all its competitors like Uber Eats, Grubhub, etc with a market share of around 45%. It has the maximum market share and has maintained it over time.
Conclusion
Thus, the data helped us crucially to know and analyze where DoorDash stands in the market and where it is heading. Further, all this data shows positive growth towards more customers and DoorDash coming out of losses.
Q1. How do DoorDash drivers get paid?
Ans1. Drivers of DoorDash are paid weekly with a secured direct deposit into their bank accounts.
Q2. Will DoorDash make profits in the future?
Ans2. Given the profit data, DoorDash may increase its customer base to a level where it will earn good profits.
Q3. Should I invest in DoorDash stock?
Ans3. Currently, DoorDash stock price has been decreasing so it is advisable to wait before investing.
Q4. What is the customer base of DoorDash?
Ans4. The number of subscribers of DoorDash rose from 0.8 million in 2019 to 1.5 million in 2020. Thus, its customer base is good and rising.
