🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

DoorDash posts better-than-expected Q1 sales but shares fall on cost concerns

Economic TimesEconomic Times · 1y ago
DoorDash posts better-than-expected Q1 sales but shares fall on cost concerns
Medial

DoorDash reported higher-than-expected revenue in Q1 due to increased U.S. grocery orders offsetting slower restaurant demand. Despite this, the company's shares fell 12% as investors expressed concerns about rising costs. DoorDash's net loss in Q1 narrowed to $23 million, but it was higher than the forecasted loss. The company also increased marketing expenses and research costs. DoorDash expects pretax earnings of $325 million to $425 million in Q2, lower than analysts' forecast. The company's revenue rose by 23% to $2.51 billion, beating expectations. DoorDash's total orders increased by 21% to 620 million, with significant growth in U.S. grocery orders. However, the value of U.S. restaurant orders grew at a slower pace. Additionally, new minimum wage rules in New York and Seattle affected DoorDash's sales, resulting in reduced orders.

Related News

Zomato’s parent Eternal posts Rs 7,167 Cr revenue in Q1 FY26, profit falls 90%

EntrackrEntrackr · 7m ago
Zomato’s parent Eternal posts Rs 7,167 Cr revenue in Q1 FY26, profit falls 90%
Medial

Fintrackr All Stories Zomato’s parent Eternal posts Rs 7,167 Cr revenue in Q1 FY26, profit falls 90% Eternal released its financial results for the first quarter of FY26 on Monday. The Gurugram-based company reported a 90% fall in profit for the quarter ending June 2025. Eternal’s revenue from operations grew 70% to Rs 7,167 crore in Q1 FY26 in contrast to Rs 4,206 crore in Q1 FY25, as per the firm’s consolidated financial results sourced from the National Stock Exchange (NSE). Eternal operates several business units, including a food marketplace, Hyperpure, and a quick commerce platform, BlinkIt. Income from Eternal’s food delivery business contributed 31% of the total revenue in Q1 FY26, growing 16% to Rs 2,261 crore from Rs 1,942 crore in Q1 FY25. Revenue from Hyperpure (B2B supplies) and the quick commerce segment (Blinkit) saw significant growth, rising 89% to Rs 2,295 crore and 155% to Rs 2,400 crore, respectively, during the first quarter of FY26. Earnings from the 'Going-out' segment and other non-operating income brought the Eternal Group’s total revenue to Rs 7,521 crore in Q1 FY26. On the cost side, Delivery and related charges accounted for 25% of Eternal's total expenditure, at Rs 1,869 crore in Q1 FY26. Employee benefit cost rose 57% to Rs 830 crore while spending on advertising and marketing increased by 69% to Rs 671 crore in Q1 FY26. Overall, the company’s overall expenditure increased by 77% to Rs 7,433 crore in Q1 FY26, up from Rs 4,203 crore in Q1 FY25. The 70% surge in advertising led the company's profit to fall by 90% to Rs 25 crore in Q1 FY26 from Rs 253 crore in Q1 FY25. On a per-unit basis, the Gurugram-based company spent Rs 1.04 to earn every rupee of revenue during the quarter ending March 2025. At 15:37 on Monday (July 21), Eternal’s shares were priced at Rs 274, giving the foodtech platform a market capitalization of Rs 2,64,564 crore (approximately $31.2 billion).

Rupee drops below 84 per dollar on equity outflows, oil prices

VCCircleVCCircle · 1y ago
Rupee drops below 84 per dollar on equity outflows, oil prices
Medial

- Indian rupee falls below 84 per dollar for the first time on concerns of oil prices and foreign outflows from equity market. - The Reserve Bank of India (RBI) had defended the 84 level, but the rupee breached it on Friday. - RBI intervened by instructing state-run banks to sell dollars to prevent a sharp fall in the rupee. - The rupee may face further pressure, but the RBI is expected to only allow marginal depreciation to maintain stability. - Factors contributing to the rupee's decline include rising oil prices, foreign selling of Indian shares, and a widening trade deficit leading to a shrinking balance of payments surplus. - Asian currencies have performed better than the rupee recently, while expectations rise for the Indian central bank to cut rates.

Download the medial app to read full posts, comements and news.