What impact did international expansion have on Doordash's revenue?

International expansion has had a significant impact on DoorDash's revenue, contributing to its overall growth and diversification. Here are the key points to consider: 1. **Revenue Growth**: DoorDash's revenue has seen a notable increase, driven in part by its expansion into international markets. The company's revenue growth rate of 24.8% year-over-year to $2.87 billion, reported for the fourth quarter, slightly exceeded analysts' estimates. 2. **Market Penetration**: Despite being at a single-digit penetration in the U.S. restaurant industry and even smaller globally, DoorDash has been gaining market share in international markets. The company has highlighted the potential for scaling grocery, retail, and commerce platform categories, which suggests that international expansion is a key driver of revenue growth. 3. **Financial Health**: DoorDash's international portfolio has been gross profit positive, indicating that the company is not only growing but also managing profitability in these markets. The efficiency gains in logistics, noted by the CFO, are likely contributing to improved unit economics and, consequently, to revenue growth. 4. **Future Prospects**: Analysts expect that DoorDash's international expansion will continue to be a significant revenue contributor. The company's strategic focus on scaling operations in international markets and new verticals suggests a commitment to capturing growth opportunities abroad. In summary, DoorDash's international expansion has been a vital component of its revenue growth, enabling the company to diversify its market base and increase its top line. As DoorDash continues to invest in scaling its operations in international markets, it is well-positioned to capitalize on the growing demand for food and grocery delivery services globally.