On December 9, 2020, the day of the IPO in New York, there was a Du Club logo on a restaurant.
Carlo Allegri | Reuters
doordash Tuesday announced a $1.2 billion acquisition of restaurant booking platform Sevenrooms and reported revenue in the first quarter, which missed expectations.
Doordash's share price fell 5% after the news.
According to LSEG's expectations, the company's approach is:
- Earnings per share: 44 cents, 39 cents expected
- income: $3.03 billion vs. $3.09 billion expected
Doordash said it will close in the second half of 2025 and will acquire all-cash as a New York City restaurant and hotel data platform for New York City restaurant and hotel data platform.
UK food delivery service deliveroo It said Tuesday it has agreed to a $3.9 billion acquisition offer from Doordash.
"We believe that both Seven Rooms and Deliveroo will expand our ability to build world-class services, thereby increasing our potential to develop local trade and support our financial goals," Doordash said in a press release.
Revenue in the first quarter was $3.03 billion, up 21% from the same period last year.
Doordash reported total orders for the quarter of 732 million, up 18% a year ago in the same period. StreetAccount analysts who voted for the vote are expected to have 732.7 million.
The company said it expects to earn $600 million to $650 million in the second quarter before interest, interest, taxes, depreciation and amortization. StreetAccount analysts surveyed estimated $639 million.
“So far, consumer demand for our market remains strong in 2025, and we believe that different consumer groups and types of participation are consistent with typical seasonal patterns,” the company said.
Doordash reported net revenue of $193 million, or 44 cents per share, for the first quarter of 2025. The company lost $23 million in the same stock a year ago, with a net loss of 6 cents per share.
Doordash noted the growth in the grocery delivery category, citing “accelerating average spending per grocery consumer and increasing average spending on perishables.”
The company did not mention tariffs as a factor in the financial outlook, but did point out that the increase in international operations has made it open to “geopolitical and monetary risks.”
Doordash One-Day Picture
Correction: Doordash reported first-quarter earnings of 44 cents per share. The earlier versions incorrectly expressed the figure.
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