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Doordash stock climbs 10%, reversing plunge after earnings and revenue miss
DoorDash's revenue rose 38% to $3.96 billion, but heavy spending on tech and marketing caused earnings to miss estimates, prompting a stock decline.
- On Wednesday, DoorDash reported fourth-quarter revenue rose 38% to $3.96 billion, missing the $3.99 billion analysts expected.
- CEO Tony Xu said DoorDash is building a single tech platform, calling it a `massive and expensive undertaking` and planning to spend several hundred million dollars on global tech initiatives and autonomous delivery projects.
- Total orders rose 32% to 903 million, DoorDash had more than 56 million active users including 35 million members, and net income reached $213 million with earnings per share of 48 cents.
- The stock dropped 10% after the results, as DoorDash forecast adjusted pretax earnings between $675 million and $775 million, below the $800.6 million Wall Street expected and a $802 million StreetAccount estimate for adjusted EBITDA.
- Having bought Wolt in 2022 and Deliveroo last year, DoorDash faces investor pressure amid spending concerns and a stock plunge of more than 20% in 2026.
11 Articles
11 Articles
Associated Press News
DoorDash sees strong quarterly growth in sales and orders but warns of big costs
DoorDash said Wednesday its revenue rose 38% in the fourth quarter as it gained new U.S. customers and added new services like restaurant reservations.
DoorDash sees strong quarterly growth in sales and orders but warns of big costs - WXXV News 25
By DEE-ANN DURBIN DoorDash said Wednesday its revenue rose 38% in the fourth quarter as it gained new U.S. customers and added new services like restaurant reservations. But investors may be more focused on the cost of new projects, including the development of autonomous delivery robots and tests of drone delivery. DoorDash said its expects adjusted pretax earnings between $675 million and $775 million in the first quarter, which was lower th…
Doordash stock climbs 10%, reversing plunge after earnings and revenue miss
Avishek Das | Lightrocket | Getty Images Doordash‘s stock climbed 10% during extended trading on Wednesday, recovering from an initial downswing after the food delivery platform issued disappointing fourth-quarter results and guidance. The stock plunged 10% following the release of the company’s financials. Here’s how the company did versus LSEG estimates: Earnings per share: 48 cents vs. 59 cents expected $0.59 Est. Revenue: $3.96 billion vs.…
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