DoorDash (NASDAQ:DASH) shares tumbled more than 9% in premarket trading Thursday after the food delivery giant missed third-quarter profit expectations and signaled a ramp-up in spending following its recent acquisition of Deliveroo.
The company reported quarterly earnings of $0.55 per share, falling short of analyst estimates of $0.69, though revenue came in slightly ahead at $3.4 billion versus the expected $3.35 billion.
Marketplace gross order value — the total dollar amount of all completed orders on the platform — accelerated for the second consecutive quarter, driven by a rise in monthly active users and improved order frequency. DoorDash also noted that U.S. restaurant sales grew at their fastest pace in more than three years, while international unit economics reached record levels.
DoorDash finalized its $2.8 billion acquisition of Deliveroo on October 2, bringing over 50 million new monthly users and expanding its presence to more than 40 countries.
The company said Deliveroo is expected to contribute about $45 million to adjusted core income in the fourth quarter and around $200 million in 2026.
For the current quarter, DoorDash projected marketplace gross order value between $28.9 billion and $29.5 billion, with adjusted EBITDA expected to range from $710 million to $810 million.
“However, this guidance range includes Deliveroo’s contribution which we estimate at $2.8 billion, implying only a modest organic raise […]” analysts at Wolfe Research noted.
Looking ahead, DoorDash plans to invest several hundred million dollars more in new products and technology in 2026 than in 2025, targeting long-term growth opportunities in logistics, automation, and fulfillment services.