WSJ US BusinessDoorDash IPO Filing Shows a Profitable Quarter

November 13, 20200
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DoorDash Inc. unveiled paperwork for its initial public offering on Friday, showing the food-delivery service has grown at a blistering pace during the pandemic and turned a surprising quarterly profit in June before falling back to a loss in September.

The company’s revenue for the September quarter more than tripled from the same period a year earlier. Like many startups that give priority to growth, DoorDash still mostly loses money, and it hasn’t posted a full-year profit since its inception in 2013.

Profits…

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