DoorDash Reports Disappointing Q3 Earnings, Alongside elf Beauty, Duolingo, HubSpot, and Other Major Stocks Declining in Thursday's Pre-Market Trading
Mixed U.S. Stock Futures: U.S. stock futures showed mixed results, with Nasdaq futures up by 0.1% on Thursday.
DoorDash Financial Results: DoorDash's shares fell 10.5% in pre-market trading after reporting third-quarter earnings of 55 cents per share, missing estimates, despite revenue of $3.44 billion exceeding expectations.
Other Stocks Declining: Several companies, including ACV Auctions and Porch Group, saw significant declines in their stock prices due to lowered sales guidance and missed earnings estimates.
Wider Market Impact: Other notable declines included elf Beauty, Duolingo, and American Superconductor, all of which reported disappointing financial results, contributing to a generally negative pre-market trading environment.
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GrubHub Eliminates Delivery Fees on Orders Over $50
- Policy Implementation: GrubHub will begin a new policy on Thursday that eliminates service and delivery fees for restaurant orders over $50, with a broader rollout planned for February 2, aiming to enhance customer loyalty and increase order sizes.
- Competitive Strategy: By removing delivery fees of up to $8 and service fees of 10% to 15%, GrubHub seeks to attract users from DoorDash and Uber Eats, particularly as the latter charges an additional $2 for orders under $10.
- Checkout Abandonment Issue: This initiative aims to reduce the phenomenon of “checkout abandonment,” where customers drop large orders due to high delivery fees, thereby increasing overall sales and improving user experience by addressing a major pain point in the food delivery industry.
- Market Share Challenge: With GrubHub holding only 4% market share compared to DoorDash's 71% and Uber Eats' 23%, this policy is designed to attract new customers and encourage larger orders to reverse the trend of declining market share.

Stocks Like StubHub That Could Benefit from the 2026 World Cup—If Everything Goes as Expected
- Economic Impact: The 2026 FIFA World Cup is expected to generate significant revenue for ticket resellers and travel platforms.
- Tech Involvement: Major tech companies, referred to as the Magnificent Seven, are likely to benefit from the tournament if it proceeds as planned.









