AI Earnings Predictions for DoorDash Inc. (DASH)

EX-99.1

2 proddashex991-pressrelease.htm

EX-99.1

Document

Exhibit 99.1

DoorDash Releases Third Quarter 2026 Financial Results

October 29, 2026

SAN FRANCISCO—(BUSINESS WIRE)—DoorDash, Inc. (NASDAQ: DASH) today announced its financial results for the quarter ended September 30, 2026.

In Q3 2026, we generated new quarterly records across Marketplace GOV, revenue, and net income. In the quarter, we drove continued growth in our membership1 programs, launched new products, added more selection, advanced our global technology platform, and continued to innovate in key new areas of our business, including merchant services, AI, and autonomy. We are pleased with our execution through the first nine months of 2026 and excited about the contributions we are making to local economies.

Additionally, we announced a definitive agreement to acquire Maplebear Inc. ("Instacart") for $65.00 per share, payable in at least 75% cash and up to 25% DoorDash common stock, subject to election and proration mechanics. We believe that, together with Instacart, our combined scale and complementary technologies will enable us to build the next generation of tools and services that will empower local merchants to thrive, provide more choice for consumers, and generate more opportunity for Dashers2 and shoppers using Instacart's platform ("Shoppers").

Third Quarter 2026 Key Financial Metrics

•Total Orders increased 28% year-over-year (Y/Y) to 993 million.

•Marketplace GOV increased 36% Y/Y to $33.9 billion.

•Revenue increased 34% Y/Y to $4.6 billion.

•GAAP net income attributable to DoorDash, Inc. common stockholders increased 91% Y/Y to $466 million.

•Adjusted EBITDA increased 41% Y/Y to $1,060 million.

Three Months Ended

(in millions, except percentages)Sept. 30, 2025Dec. 31, 2025Mar. 31, 2026Jun. 30, 2026Sept. 30, 2026

Total Orders776 903 933 970 993

Total Orders Y/Y growth21 %32 %27 %27 %28 %

Marketplace GOV$25,015 $29,683 $31,604 $33,078 $33,941

Marketplace GOV Y/Y growth25 %39 %37 %36 %36 %

Revenue$3,446 $3,955 $4,036 $4,454 $4,616

Revenue Y/Y growth27 %38 %33 %36 %34 %

Net Revenue Margin13.8 %13.3 %12.8 %13.5 %13.6 %

GAAP gross profit$1,689 $1,911 $1,944 $2,223 $2,311

GAAP gross profit as a % of Marketplace GOV6.8 %6.4 %6.2 %6.7 %6.8 %

Contribution Profit$1,268 $1,405 $1,380 $1,641 $1,780

Contribution Profit as a % of Marketplace GOV5.1 %4.7 %4.4 %5.0 %5.2 %

GAAP net income attributable to DoorDash, Inc. common stockholders$244 $213 $184 $200 $466

GAAP net income attributable to DoorDash, Inc. common stockholders as a % of Marketplace GOV1.0 %0.7 %0.6 %0.6 %1.4 %

Adjusted EBITDA$754 $780 $754 $914 $1,060

Adjusted EBITDA as a % of Marketplace GOV3.0 %2.6 %2.4 %2.8 %3.1 %

Weighted-average diluted shares outstanding442 443 442 439 440

1

Operational Update

In Q3 2026, we grew Total Orders 28% Y/Y (17% Y/Y excluding the impact of Deliveroo), Marketplace GOV 36% Y/Y (23% Y/Y excluding the impact of Deliveroo), and revenue 34% Y/Y (23% Y/Y excluding the impact of Deliveroo). In Q3 2026, net income attributable to our common stockholders was $466 million and Adjusted EBITDA was $1,060 million. As a note, beginning in Q4 2026, we intend to stop disclosing quarterly results excluding Deliveroo, as this will represent the anniversary of the acquisition and our total company results will be largely comparable with the year-ago period.

In our U.S. restaurant category in Q3 2026, Y/Y growth in Marketplace GOV accelerated slightly compared to Q2 2026, despite a challenging Y/Y comparison due to strong growth in Q3 2025. On a quarter-over-quarter (Q/Q) basis, Marketplace GOV in the U.S. restaurant category grew faster in Q3 2026 than in any third quarter since Q3 2020. Growth in the U.S. restaurant category was driven by continued Y/Y growth in order rates3 among mature cohorts4 and accelerated Y/Y growth in new consumers.5 We continued to drive strong growth in U.S. DashPass paid memberships in Q3 2026, which helps reduce transactional friction for consumers. Over the last two years, growth in DashPass has helped drive a 9% reduction in transaction fees per order in the U.S. restaurant category.

In our U.S. grocery and retail categories, Y/Y growth in Marketplace GOV in Q3 2026 remained strong, growing at more than double the pace of Y/Y growth in our U.S. restaurant category. During the quarter, in our U.S. grocery and retail categories, we announced several new merchant partners, supporting broader selection for consumers, and we continued to drive improvements to affordability and quality, which helped drive continued double-digit Y/Y growth in order rates for nearly all mature cohorts in Q3 2026, as well as Y/Y growth in new consumers to our U.S. grocery and retail categories that was consistent with Y/Y growth in the first half of 2026.

We view the relatively consistent growth in our U.S. marketplace in Q3 2026, and over the last four years, as a positive signal of underlying demand trends and a reflecti

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