DoorDash slides on earnings miss and higher spending plans
Investing.com -- DoorDash shares fell 16% in extended trading on Wednesday after the food delivery company missed quarterly profit estimates and signalled heavier spending ahead after its recently closed acquisition of Deliveroo.
The company reported third-quarter earnings of 55 cemts per share, below analysts’ estimate of 69 cents, though revenue rose to $3.4 billion compared to $3.35 billion expected.
Marketplace gross order value accelerated for a second straight quarter, driven by higher monthly active users and stronger order frequency, the company said. U.S. restaurant sales reached their fastest growth rate in more than three years, while international unit economics hit a record high.
DoorDash closed its $2.8 billion acquisition of Deliveroo on Oct. 2, adding over 50 million monthly users and expanding its reach to more than 40 countries.
The company expects Deliveroo to contribute about $45 million to adjusted EBITDA in the fourth quarter and roughly $200 million in 2026.
For the current quarter, DoorDash forecast Marketplace GOV between $28.9 billion and $29.5 billion and adjusted EBITDA of $710 million to $810 million. The guidance includes Deliveroo’s contribution and increased investment aimed at improving products and logistics.
DoorDash plans to invest several hundred million dollars more in new products and technology in 2026 than in 2025, according to the co citing long-term growth opportunities in logistics, automation and its new fulfillment services.
