DoorDash Q4 2025 Earnings Call Insights
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy DASH?
Source: seekingalpha
- Market Share Growth: CEO Tony Xu emphasized DoorDash's leading position in several European countries and noted faster growth post-Deliveroo acquisition, with profit contributions aligning with expectations, indicating a significant market share gain in key areas.
- Profitability Improvement: CFO Ravi Inukonda expects a slight increase in the 2026 EBITDA margin, excluding ROO, with ROO projected to contribute about $200 million in EBITDA, reflecting the company's stable profitability outlook.
- New Business Expansion: Xu mentioned that around 30% of customers are ordering from categories outside restaurants, with DoorDash rapidly growing in the retail and grocery sectors in the U.S., showcasing the company's success in diversifying its business.
- Technology Investment Strategy: Management confirmed that 2026 will focus on investments in the global tech stack and autonomous delivery, with the majority of spending expected to occur in 2026, laying a foundation for future business growth.
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Analyst Views on DASH
Wall Street analysts forecast DASH stock price to rise
21 Analyst Rating
18 Buy
3 Hold
0 Sell
Strong Buy
Current: 162.340
Low
224.00
Averages
278.67
High
330.00
Current: 162.340
Low
224.00
Averages
278.67
High
330.00
About DASH
DoorDash, Inc. is engaged in providing services that reduce friction in local commerce and help merchants connect with consumers in their communities. The Company's primary offerings include the DoorDash Marketplace and the Wolt Marketplace (together, the Marketplaces), and its Commerce Platform. The Company's Marketplaces operate in over 30 countries across the globe and provide an integrated suite of services that help merchants establish an online presence, connect with consumers in their communities, and solve mission-critical challenges, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support. It also offers advertising as a value-added service through its Marketplaces to help merchants and consumer packaged goods companies increase consumer engagement. The Company also has offsite advertising capabilities. Its white-label delivery fulfillment services include DoorDash Drive On-Demand and Wolt Drive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
DoorDash Q4 Results Beat Expectations, Shares Rise Over 10%
- Significant Order Growth: DoorDash's total orders surged 32% year-over-year to 903 million in Q4, surpassing expectations of 885 million, indicating robust market demand and user growth potential, thereby strengthening the company's position in the competitive food delivery market.
- Increased Market Value: The marketplace gross order value (GOV) rose 39% to $29.7 billion, exceeding the expected $29.17 billion, reflecting increased consumer spending and further driving revenue growth and market share expansion for the company.
- Profitability Challenges: Despite total sales rising 36.6% to $3.96 billion, this fell short of expectations by $30 million, and earnings per share increased 45% to $0.048, failing to meet market forecasts, highlighting pressures on cost control and profitability.
- Future Investment Plans: DoorDash anticipates ongoing significant investments in new categories and international markets, with Q1 marketplace GOV expected between $31 billion and $31.8 billion, demonstrating the company's confidence in future growth and its ability to seize market opportunities.
See More
DoorDash Q4 2025 Earnings Call Insights
- Market Share Growth: CEO Tony Xu emphasized DoorDash's leading position in several European countries and noted faster growth post-Deliveroo acquisition, with profit contributions aligning with expectations, indicating a significant market share gain in key areas.
- Profitability Improvement: CFO Ravi Inukonda expects a slight increase in the 2026 EBITDA margin, excluding ROO, with ROO projected to contribute about $200 million in EBITDA, reflecting the company's stable profitability outlook.
- New Business Expansion: Xu mentioned that around 30% of customers are ordering from categories outside restaurants, with DoorDash rapidly growing in the retail and grocery sectors in the U.S., showcasing the company's success in diversifying its business.
- Technology Investment Strategy: Management confirmed that 2026 will focus on investments in the global tech stack and autonomous delivery, with the majority of spending expected to occur in 2026, laying a foundation for future business growth.
See More
Major US Indices Rise; Carvana's Strong Earnings Capture Attention
- Carvana's Strong Performance: Carvana reported a 58% year-over-year revenue increase to $5.60 billion in Q4, exceeding the $5.26 billion consensus, with 163,522 vehicles sold, a 43% rise from last year, indicating robust market demand and sales capability.
- Figma Beats Expectations: Figma's EPS of 8 cents surpassed the 7-cent estimate, with revenue rising from $216.95 million last year to $303.78 million, and first-quarter revenue guidance of $315 million to $317 million further boosts market confidence.
- DoorDash Earnings Miss: DoorDash posted an EPS of 48 cents, below the 60-cent consensus, while revenue of $3.96 billion, although significantly up from $2.87 billion last year, fell short of the $3.99 billion estimate, reflecting ongoing profitability challenges.
- Occidental Stock Surge: Occidental Petroleum shares rose 2.55% to $47.11, with a 52-week range of $34.78 to $52.58, indicating market optimism regarding its future performance.
See More
DoorDash (DASH) Q4 2025 Earnings Call Transcript
See More
DoorDash Reports 32% Increase in Q4 Orders
- Significant Order Growth: DoorDash reported a 32% year-over-year increase in total orders for Q4, reaching 903 million, indicating strong performance amid market recovery, although overall earnings fell short of expectations.
- Marketplace GOV Surge: The marketplace gross order volume (GOV) rose 39% year-over-year to $29.7 billion, reflecting sustained consumer demand for delivery services and enhancing the company's position in a competitive market.
- Adjusted Earnings Outlook: Despite reporting adjusted earnings of $0.48 per share for Q4, below the analyst consensus of $1.29, the company expects marketplace GOV to range between $31 billion and $31.8 billion in Q1 2026, demonstrating confidence in future growth.
- Strategic Investment Focus: The company plans to continue investing in autonomous and artificial intelligence technologies in 2026 to enhance marketplace selection and quality while increasing merchant value, aiming for long-term improvements in efficiency and profitability.
See More
Multiple Companies Shine in After-Hours Trading
- DoorDash Order Growth: DoorDash reported a 32% year-over-year increase in total orders and a 38% rise in revenue for Q4, leading to a 10% stock price jump despite missing overall earnings expectations, indicating market confidence in its growth potential.
- Figma's Strong Performance: Figma's adjusted earnings of 8 cents per share and revenue of $303.8 million in Q4 surpassed analyst expectations, with a 40% year-over-year growth, resulting in a 16% stock price increase, showcasing its robust competitiveness in the design software market.
- Etsy Transaction Dynamics: Etsy's agreement to sell Depop for $1.2 billion in cash led to a nearly 16% stock price increase, while eBay's stock rose over 6%, reflecting positive market sentiment towards the transaction and its potential to strengthen Etsy's market position.
- Carvana Earnings Decline: Carvana's adjusted EBITDA of $511 million fell short of the $539.2 million expected by analysts, causing a 15% drop in stock price, highlighting concerns over its profitability and market performance.
See More
DoorDash Q4 Results Beat Expectations, Shares Rise Over 10%
- Significant Order Growth: DoorDash's total orders surged 32% year-over-year to 903 million in Q4, surpassing expectations of 885 million, indicating robust market demand and user growth potential, thereby strengthening the company's position in the competitive food delivery market.
- Increased Market Value: The marketplace gross order value (GOV) rose 39% to $29.7 billion, exceeding the expected $29.17 billion, reflecting increased consumer spending and further driving revenue growth and market share expansion for the company.
- Profitability Challenges: Despite total sales rising 36.6% to $3.96 billion, this fell short of expectations by $30 million, and earnings per share increased 45% to $0.048, failing to meet market forecasts, highlighting pressures on cost control and profitability.
- Future Investment Plans: DoorDash anticipates ongoing significant investments in new categories and international markets, with Q1 marketplace GOV expected between $31 billion and $31.8 billion, demonstrating the company's confidence in future growth and its ability to seize market opportunities.
See More
DoorDash Q4 2025 Earnings Call Insights
- Market Share Growth: CEO Tony Xu emphasized DoorDash's leading position in several European countries and noted faster growth post-Deliveroo acquisition, with profit contributions aligning with expectations, indicating a significant market share gain in key areas.
- Profitability Improvement: CFO Ravi Inukonda expects a slight increase in the 2026 EBITDA margin, excluding ROO, with ROO projected to contribute about $200 million in EBITDA, reflecting the company's stable profitability outlook.
- New Business Expansion: Xu mentioned that around 30% of customers are ordering from categories outside restaurants, with DoorDash rapidly growing in the retail and grocery sectors in the U.S., showcasing the company's success in diversifying its business.
- Technology Investment Strategy: Management confirmed that 2026 will focus on investments in the global tech stack and autonomous delivery, with the majority of spending expected to occur in 2026, laying a foundation for future business growth.
See More
Major US Indices Rise; Carvana's Strong Earnings Capture Attention
- Carvana's Strong Performance: Carvana reported a 58% year-over-year revenue increase to $5.60 billion in Q4, exceeding the $5.26 billion consensus, with 163,522 vehicles sold, a 43% rise from last year, indicating robust market demand and sales capability.
- Figma Beats Expectations: Figma's EPS of 8 cents surpassed the 7-cent estimate, with revenue rising from $216.95 million last year to $303.78 million, and first-quarter revenue guidance of $315 million to $317 million further boosts market confidence.
- DoorDash Earnings Miss: DoorDash posted an EPS of 48 cents, below the 60-cent consensus, while revenue of $3.96 billion, although significantly up from $2.87 billion last year, fell short of the $3.99 billion estimate, reflecting ongoing profitability challenges.
- Occidental Stock Surge: Occidental Petroleum shares rose 2.55% to $47.11, with a 52-week range of $34.78 to $52.58, indicating market optimism regarding its future performance.
See More
DoorDash (DASH) Q4 2025 Earnings Call Transcript
See More
DoorDash Reports 32% Increase in Q4 Orders
- Significant Order Growth: DoorDash reported a 32% year-over-year increase in total orders for Q4, reaching 903 million, indicating strong performance amid market recovery, although overall earnings fell short of expectations.
- Marketplace GOV Surge: The marketplace gross order volume (GOV) rose 39% year-over-year to $29.7 billion, reflecting sustained consumer demand for delivery services and enhancing the company's position in a competitive market.
- Adjusted Earnings Outlook: Despite reporting adjusted earnings of $0.48 per share for Q4, below the analyst consensus of $1.29, the company expects marketplace GOV to range between $31 billion and $31.8 billion in Q1 2026, demonstrating confidence in future growth.
- Strategic Investment Focus: The company plans to continue investing in autonomous and artificial intelligence technologies in 2026 to enhance marketplace selection and quality while increasing merchant value, aiming for long-term improvements in efficiency and profitability.
See More
Multiple Companies Shine in After-Hours Trading
- DoorDash Order Growth: DoorDash reported a 32% year-over-year increase in total orders and a 38% rise in revenue for Q4, leading to a 10% stock price jump despite missing overall earnings expectations, indicating market confidence in its growth potential.
- Figma's Strong Performance: Figma's adjusted earnings of 8 cents per share and revenue of $303.8 million in Q4 surpassed analyst expectations, with a 40% year-over-year growth, resulting in a 16% stock price increase, showcasing its robust competitiveness in the design software market.
- Etsy Transaction Dynamics: Etsy's agreement to sell Depop for $1.2 billion in cash led to a nearly 16% stock price increase, while eBay's stock rose over 6%, reflecting positive market sentiment towards the transaction and its potential to strengthen Etsy's market position.
- Carvana Earnings Decline: Carvana's adjusted EBITDA of $511 million fell short of the $539.2 million expected by analysts, causing a 15% drop in stock price, highlighting concerns over its profitability and market performance.
See More
