DoorDash (NASDAQ:DASH) shares gained 3.4% after the release of its fourth-quarter report. The company reported revenue of $2.87 billion, up 24.8% year-on-year and 1.1% above analysts’ expectations. Despite strong order growth, its EBITDA forecast for the next quarter fell short of market expectations.
The best performance among competitors came from Angi (NASDAQ:ANGI), which reported revenue of $267.9 million. Although this was a 10.8% decline year-on-year, the company exceeded analysts’ forecasts by 5.3%. As a result, its shares rose 2.3% and are now trading at $1.76.
The weakest quarter belonged to Lyft (NASDAQ:LYFT), which increased revenue by 26.6% but missed analysts’ forecasts by 0.9%. The company also disappointed investors with a weak EBITDA forecast, causing its stock to drop 9% to $13.12.
Uber (NYSE:UBER) delivered stable results with revenue of $11.96 billion (+20.4% year-on-year) and a 14% increase in users, reaching 171 million. This report supported Uber’s stock, which rose 13.1% to $78.90.
The gig economy continues to attract investor attention despite mixed results among its participants. DoorDash remains one of the most resilient players in the sector, and its stock continues to rise.