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.
Following this news, the stock price plummeted by 20%.
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 rose 21% year-over-year to 776 million, slightly higher than FactSet’s estimate of 770.13 million.
DoorDash’s daily stock price chart.
