DoorDash's Strong Delivery Demand Boosts Revenue and Profit Forecast.

DoorDash raised its annual core profit forecast after beating quarterly revenue expectations, benefiting from an increase in orders for food, groceries, and convenience products despite stubbornly high inflation. The food delivery company now projects annual adjusted EBITDA between $600 million and $900 million and expects gross order value to be between $63 billion and $64.5 billion for 2023. DoorDash's revenue rose 40% to $2.04 billion in the quarter ended March 31, compared to analysts' estimate of about $1.93 billion.