Overview
- Q3 revenue rose to $3.45 billion, topping the $3.36 billion estimate, while EPS of $0.55 missed the $0.68 consensus.
- Total costs and expenses climbed about 23% year over year to $3.19 billion.
- DoorDash said it will invest several hundred million dollars more in 2026 to scale new initiatives and platform development.
- The company reported 776 million orders and roughly $25 billion in marketplace gross order value in the quarter.
- Wells Fargo cut its price target to $239 and lowered its 2026 EBITDA forecast to $3.6 billion as DoorDash guided to $710–$810 million adjusted EBITDA and $28.9–$29.5 billion gross order value for the current quarter.