In section Market Quotes

DoorDash Profit Soars as Order Growth Beats Wall Street Expectations

DoorDash shattered market expectations in the third quarter, reporting net income of $466 million, or $1.06 per share. This performance marks a significant jump from the $244 million recorded a year ago, fueled by a robust 34% surge in revenue to $4.62 billion and consistent gains in consumer order volume.

DoorDash Profit Soars as Order Growth Beats Wall Street Expectations

The company’s marketplace gross order value climbed 36% to $33.9 billion, supported by 993 million total orders. These figures comfortably outpaced analyst projections polled by FactSet, which had anticipated earnings of 81 cents per share and a gross order value of $33.58 billion. Growth was particularly pronounced in the U.S. restaurant sector, bolstered by both new customer acquisition and sustained engagement from mature user cohorts, alongside rising DashPass memberships.

Beyond core restaurant deliveries, the company noted double-digit growth in its U.S. grocery and retail categories. Financial health remains strong, with net cash from operating activities reaching $994 million and free cash flow hitting $787 million. Looking toward the final quarter of the year, leadership projects marketplace gross order value between $35.4 billion and $36.4 billion, targeting adjusted EBITDA in the range of $900 million to $1.1 billion.

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