Doordash (DASH) Third Quarter 2025 Earnings Report

PorteDash reported third-quarter results below analyst expectations and said it planned to spend “several hundred million dollars” on new initiatives and development in 2026.

The stock fell 9% following the report.

Here are the company’s results compared to LSEG estimates:

• Winnings: 55 cents per share versus 69 cents per share expected
• Income: $3.45 billion versus $3.36 billion expected.

“We wish there was a way to make a baby an adult without investment, or to see the baby become an adult overnight, but we don’t think that’s how life or business works,” the company wrote in its earnings release to explain the increased spending.

DoorDash said it was developing a new global technology platform that advanced in 2025 but is expected to accelerate in 2026, noting near-term direct and opportunity costs. The company announced its Dot autonomous delivery robot in September.

The food delivery platform’s revenue increased 27% from the previous year.

DoorDash reported third-quarter net income of $244 million, or 55 cents per share, compared with $162 million, or 38 cents per share, a year ago.

Total orders rose 21% from a year earlier to 776 million in the quarter ended Sept. 30, just above the 770.13 million FactSet expected.

The company expects fourth-quarter adjusted EBITDA to be between $710 million and $810 million, or a midpoint of $760 million. Analysts surveyed by FactSet forecast $806.8 million for the fourth quarter.

DoorDash completed its acquisition of British food delivery company Deliveroo on October 2, a deal that values ​​the British company at approximately $3.9 billion.

The company expects a depreciation charge of $700 million for the fiscal year, excluding acquisition. A stock-based compensation expense of $1.1 billion is also expected for fiscal 2025.

DoorDash expects Deliveroo to add $45 million to adjusted EBITDA in the fourth quarter and approximately $200 million to adjusted EBITDA in 2026.