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DoorDash pops 14% on strong earnings, upbeat order guidance
The company projected second-quarter adjusted EBITDA of $770 million to $870 million as strong demand and higher orders offset heavier spending.
- DoorDash reported mixed first-quarter results on Wednesday, with earnings per share of 42 cents beating expectations; investors pushed shares up 8% following the report.
- To drive growth, the company is heavily investing in artificial intelligence and building a single-platform tech stack that integrates recent global acquisitions including SevenRooms and British delivery company Deliveroo.
- Earnings per share reached 42 cents, beating LSEG estimates of 36 cents; revenue of $4.04 billion and 933 million total orders missed analyst expectations.
- For the current quarter, DoorDash guided marketplace GOV of $32.4 billion to $33.4 billion and EBITDA of $770 million to $870 million, signaling confidence in near-term expansion.
- Amid the war in Iran, DoorDash expects over $50 million in gross costs for its driver relief program in the second quarter, funding it through adjusted investment priorities.
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DoorDash Just Got Two Price Target Cuts: Is the Q2 GOV Beat Enough to Salvage the Quarter?
The post DoorDash Just Got Two Price Target Cuts: Is the Q2 GOV Beat Enough to Salvage the Quarter? appeared first on 24/7 Wall St.. Quick Read DoorDash (DASH) reported Q1 2026 revenue up 33% year-over-year to $4.036 billion with 933 million total orders, but adjusted EBITDA margin fell to 2% from 3% as the company absorbs over $50 million in Dasher gas relief costs in Q2. Goldman Sachs maintained a Buy rating on DoorDash stock while trimming…
·New York, United States
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Coverage Details
Total News Sources28
Leaning Left9Leaning Right3Center11Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 39%
C 48%
13%
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