Oct 30 (Reuters) - DoorDash ( DASH ) forecast

fourth-quarter core profit above estimates on Wednesday, as the

online delivery firm bets on more consumers using the platform

to order groceries to beauty products during the holiday period.

The company also posted a profit for the first time since

going public in late 2020 and beat quarterly revenue estimates.

With the online delivery space seeing a surge in competition

from UberEats and Instacart, DoorDash ( DASH ) has

widened the offerings on its platforms by partnering with

companies such as Sephora and grocer Wakefern to maintain its

market share.

DoorDash ( DASH ) delivered category share gains across the business

in the third quarter, CFO Ravi Inukonda told Reuters.

Total orders of DoorDash ( DASH ) jumped 18% to 643 million in the

quarter.

The company also announced a partnership with Lyft ( LYFT )

to offer the ride-share app's members three months of free trial

of its DashPass membership that gives them an up to 50% off on

one order. The food delivery firm's customers in return get up

to 50% discount on four scheduled rides to the airport and 5%

discount on scheduled on-demand Lyft ( LYFT ) rides.

DoorDash ( DASH ) expects fourth-quarter adjusted earnings before

tax, interest, depreciation and amortization (EBITDA) between

$525 million and $575 million, with midpoint of the range above

estimates of $544.8 million.

It expects fourth-quarter gross order value - a key industry

metric that shows total value of all app orders and subscription

fees - to be between $20.6 billion and $21 billion, compared

with estimates of $20.64 billion.

DoorDash's ( DASH ) revenue for the third quarter rose 25% to $2.71

billion beating analysts' expectations of $2.66 billion,

according to data compiled by LSEG.

Net income attributable to DoorDash ( DASH ) shareholders came in at

$162 million, or 38 cents per share, compared with a loss of $73

million, or 19 cents, a year earlier.