Overview
- Third-quarter GMV rose 25% to $25.02 billion with 776 million orders up 21% year over year, and revenue reached $3.45 billion, topping estimates.
- EPS came in at $0.55 versus $0.69 expected as total costs and expenses increased to $3.19 billion from $2.60 billion a year ago.
- Management guided fourth-quarter GMV to $28.9 billion to $29.5 billion, above Wall Street projections compiled by LSEG.
- Shares dropped sharply in after-hours trading, with declines reported between roughly 16% and 20% following the results and spending outlook.
- DoorDash highlighted ongoing partnerships and product work, including deals with Serve Robotics, Domino’s and Kroger, plus new features such as in‑app restaurant reservations, the Dot autonomous robot in greater Phoenix, a mapping platform and a smart scale; the company also projected Q4 adjusted EBITDA with a $760 million midpoint, below the FactSet consensus.