DoorDash reported higher-than-expected orders and revenue in the third quarter but warned investors that it will be spending significantly more on product development next year.

The San Francisco-based delivery company said Wednesday its total orders rose 21% to 776 million in the July-September period. That beat Wall Street’s forecast of 770 million, according to analysts polled by FactSet.

DoorDash said its revenue jumped 27% to $3.45 billion. That also beat analysts’ forecasts of $3.35 billion.

DoorDash cited strong growth in monthly active users and DashPass members. It also noted the addition of several supermarket chains to its platform in July, including Superior Grocers and Lucky’s Markets.

DoorDash’s net income rose 51% to $244 million, or 55 cents per share. That was lower th

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