finance
DoorDash Shares Surge 15% After First-Quarter Revenue Jumps 33%
DoorDash reported first-quarter revenue of $4.04 billion, up 33% from a year earlier, and provided upbeat guidance on order growth that exceeded analyst forecasts. The company is investing heavily in technology and global expansion following multiple acquisitions while launching a driver relief program amid rising gas prices. Shares rose more than 15% in after-hours trading following the results.
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DoorDash shares surged more than 15% after the company reported first-quarter results that showed 33% revenue growth even as it continues a multibillion-dollar spending push on technology and new markets. The food delivery platform topped Wall Street expectations on earnings per share but missed on revenue, according to data from LSEG.
Revenue reached $4.04 billion in the quarter ended March 31, 2026, compared with $3.03 billion a year earlier. Total orders climbed 27% to 933 million. For the current quarter, the company forecast marketplace gross order value between $32.4 billion and $33.4 billion, above the $32.43 billion consensus estimate from analysts.
DoorDash also projected adjusted EBITDA of $770 million to $870 million. The company is in the middle of a major technology overhaul that integrates recent acquisitions into a single platform. It spent billions last year on deals including the restaurant reservation service SevenRooms and the British delivery company Deliveroo.
DoorDash also launched an autonomous delivery robot as part of efforts to broaden its services.
DoorDash said it expects the technology investments will let it operate more efficiently and support higher growth. The company has completed the design phase of its platform redesign and is beginning to see early improvements in speed and quality across its brands.
Investors had previously raised concerns about the pace of spending. The company maintained its aggressive approach, arguing the outlays are necessary to stay ahead of rivals including Uber Eats. Gross order value rose 37% from a year earlier to $31.6 billion in the first quarter, beating estimates.
