DoorDash Reports Q3 Revenue Growth of 34% Amid GAAP EPS Miss
DoorDash reported third-quarter financial results featuring a significant revenue increase to $4.6 billion, representing 34% year-over-year growth. The company saw strong operational momentum with total orders rising 28% to 993 million and Marketplace Gross Order Value (GOV) climbing 36% to $33.9 billion. Despite the top-line strength, DoorDash missed analyst expectations on profitability, reporting a GAAP Earnings Per Share (EPS) of $0.55, which was $0.26 below consensus estimates. The results come amid market speculation regarding potential acquisition activity involving Instacart.
Tickers: $BOOT $CART $COST $DASH $INST $INTA
Topics: earnings miss market share mergers and acquisitions order volume revenue growth