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DoorDash stock rises 14% after Q4 report
DoorDash’s stock rose 14% in after-hours trading on February 18, after falling 10% earlier following the release of its Q4 earnings and guidance.
The company reported revenue of US$4.0 billion, up 38% year-on-year, and total orders increased 32% to 903 million.
Gross order value rose 39% to US$29.7 billion.
Earnings per share were 48 cents, below the 59 cents expected, while revenue slightly missed estimates.
CEO Tony Xu highlighted ongoing investments, including efforts to develop a unified platform integrating DoorDash, Deliveroo, and Wolt, which he described as a “massive” project.
The company forecast adjusted EBITDA between US$675 million and US$775 million for Q1, below analyst estimates.
Net income for the quarter was US$213 million, up from US$141 million a year earlier. The stock has declined over 20% in 2026 so far.
🔗 Source: CNBC
🧠 Food for thought
Implications, context, and why it matters.
The growth story extends beyond a single quarter
- Strong Q4 results fit a longer pattern. DoorDash said Marketplace gross order value (GOV) growth sped up for the second straight quarter in Q3 2025 1.
- DoorDash tied the lift to its U.S. restaurant business plus newer lines. It said year-over-year Marketplace GOV in U.S. restaurants rose faster in Q3 2025, reaching its highest growth rate in more than three years. It also reported faster year-over-year Marketplace GOV growth from U.S. new verticals in Q3 2025, including grocery, convenience, and retail delivery 1.
- The main operation also ran more efficiently. Contribution profit as a share of Marketplace GOV increased to 5.1% in Q3 2025 from 4.6% 1.
The spending plan reflects a high-stakes bet on long-term platform expansion
- DoorDash said a lower-than-expected profit outlook came from a choice to spend several hundred million dollars more in 2026. The plan covers new initiatives plus global platform development, including autonomous delivery initiatives (using self-driving vehicles or robots to deliver orders) 1.
- In Q4 results commentary, CEO Tony Xu described work on one platform that combines DoorDash, Deliveroo, and Wolt. He called it a massive and expensive undertaking 2.
- DoorDash said it expects to keep reporting as a single global entity. It also plans quarterly guidance for Marketplace GOV plus adjusted EBITDA (a profit metric that excludes some non-cash and one-time items) on a global basis as it expands beyond its U.S. marketplace 1.
