A DoorDash bag is installed on a bicycle in New York, USA, on Tuesday, May 6, 2025.
Yuki Iwamura | Bloomberg | Getty Images
door dash reported third-quarter results that fell short of analysts’ expectations and said it expects to spend “hundreds of millions of dollars” on new initiatives and developments in 2026.
The stock price fell 9% following the news.
Here’s how the company performed compared to LSEG’s estimates:
Earnings: 55 cents per share, expected 69 cents per share; Revenue: $3.45 billion, expected $3.36 billion.
“While we wish there was a way for a baby to grow into an adult without investment, or a way to watch a baby grow into an adult overnight, we do not believe that this is how life and business work,” the company explained in an earnings call explaining the increase in spending.
DoorDash is developing a new global technology platform that it expects to advance in 2025 and accelerate in 2026, noting that there will be direct and opportunity costs in the short term. The company announced Dot, an autonomous delivery robot, in September.
The food delivery platform’s revenue increased 27% year over year.
DoorDash’s third-quarter net income was $244 million, or 55 cents per share, up from $162 million, or 38 cents per share, in the year-ago period.
Total orders for the quarter ended Sept. 30 rose 21% from a year earlier to 776 million, slightly higher than FactSet had expected for 770.13 million orders.
The company expects fourth-quarter adjusted EBITDA to be in the range of $710 million to $810 million, with a median of $760 million. Analysts polled by FactSet had expected fourth-quarter revenue of $806.8 million.
DoorDash completed its acquisition of British food delivery company Deliveroo on October 2nd, valuing the British company at approximately $3.9 billion.
The company expects depreciation and amortization expense for the fiscal year to be $700 million, excluding acquisitions. Stock-based compensation expense of $1.1 billion is also expected in fiscal 2025.
DoorDash expects Deliveroo to add $45 million to adjusted EBITDA in the fourth quarter and approximately $200 million to adjusted EBITDA in 2026.
DoorDash’s daily stock price chart.
