"But, with near zero insight into Wolt's financials, supporting DoorDash's relative valuation premium following a near 20% share price jump on the news is not feasible at this time," the Gordon Haskett analysts wrote. It surpassed 10 million users in January.Īnalysts at Gordon Haskett said the acquisition will help accelerate DoorDash's expansion into international restaurants, retail and grocery by several years, but downgraded the stock from a buy to hold and lowered the price target from $243 to $233. To enable this, Wolt develops a wide range of technologies from local logistics to retail software and financial solutions, as well as operates its own grocery stores under. The Finland-based company has about 4,000 employees and operates in 23 countries. Wolt is a Helsinki-based technology company that makes it incredibly easy to discover and get the best restaurants, grocery stores and other local shops delivered to you. The deal with Wolt is expected to close in the second half of 2022, and Wolt founder and CEO Miki Kuusi will run DoorDash International. The deal with Wolt is expected to close in the second half of 2022, and Wolt founder and CEO Miki. New customers acquired for the quarter dropped over peak levels in 2020, but above 2019 levels. New customers acquired for the quarter dropped over peak levels in 2020, but above 2019 levels. Wolt is a Helsinki-based technology company that makes it incredibly easy to discover and get the best restaurants, grocery stores and other local shops delivered to you. The company also saw a net loss of $101 million, more than double its loss of $43 million during the same quarter of 2020.įollowing the announcement, shares of DoorDash surged more than 24% in after-hours trading following an initial dip. Analysts expected a loss of 26 cents and $1.18 billion in revenue. Personal Loans for 670 Credit Score or LowerĭoorDash reported a 30 cent loss per share and revenue of $1.28 billion. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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