Doordash is squeezing more and more profits as the taxi for your burritos

Meal-delivery company DoorDash is back in the black, reporting $162 million in profit in its latest quarter, after beating expectations on virtually every one of its key metrics.

Services like DoorDash make their money largely by charging fees — commissions, payment processing fees, and delivery fees — on their platforms. Obviously, one path to making more money is to sell more food and drinks through the app. DoorDash did that, with orders rising to 643 million, up 18% year-on-year. The other way is to hike its fees, sell more of its subscriptions like DashPass, or sell advertising in-app. It’s done those too.

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