US EditionDoorDash Reports 38% Revenue Growth but Issues Lower Earnings Guidance
DoorDash's revenue rose 38% to $3.96 billion, but earnings per share missed estimates and first-quarter guidance was weak amid heavy tech investment.
- 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.
13 Articles
13 Articles
DoorDash was among the winners on the New York stock exchanges on Thursday. The meal delivery company saw total orders rise by almost a third in the fourth quarter compared to a year earlier. Revenue increased by 38 percent. The company also issued strong guidance for the current quarter, prompting a 4.6 percent increase in its stock price.
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.…
Coverage Details
Bias Distribution
- 70% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
