DoorDash reports earnings miss, underwhelming earnings guidance
DoorDash reported earnings results that missed Wall Street expectations and provided underwhelming earnings guidance Wednesday after the bell, which it attributed to harsh weather and increased spending. The stock rebounded in premarket trading on Thursday.
For the final three months of 2025, DoorDash reported:
Earnings per share of $0.48, compared to the $0.59 analysts polled by FactSet were expecting.
Revenue of $3.9 billion, in line with the $3.9 billion analysts were penciling in.
Gross order value (the total amount spent on the platform) of $29.7 billion, compared to the $29.2 billion analysts were expecting.
For the current quarter, the company expects:
GOV between $31.0 billion and $31.8 billion, versus the $30.7 billion analysts are expecting.
Adjusted EBITDA between $675 million and $775 million, far below the $801.9 million analysts are expecting. The company said spending on Deliveroo, its recent UK acquisition, as well as extreme winter weather in the US are weighing on its profit guidance.
Shares fell as much as 11% following the release of its results on Wednesday, before climbing as much as 13% in Thursday’s early trading, recovering its losses. The stock is down more than 15% so far this year.
DoorDash’s costs have gone up as it ramps up investment in autonomous delivery and international expansion, among other things. “This is a massive and expensive undertaking and honestly one you shouldn’t do if you thought your best days were behind you,” CEO Tony Xu said in a letter to shareholders.
Ethan Feller, a strategist at Zacks Investment Research, said the underlying business remains strong even if the stock faces pressure in the near term.
“None of these are structural issues, but soft guidance is soft guidance — and the market rarely gives credit for context when a stock is already under pressure,” he said.
