DoorDash Is Hungry For Growth: Q1 Orders Jump 18%, Plans 2 Big Acquisitions To Expand International Presence

Core Insights - DoorDash reported strong order growth and confirmed two major acquisitions, but quarterly revenue missed analyst expectations [1][5] - The company achieved quarterly GAAP earnings of 44 cents per share, surpassing the analyst consensus estimate of 39 cents [1] - Quarterly revenue reached $3.03 billion, falling short of the $3.09 billion analyst consensus estimate, but grew by 21% year-over-year [1] Order and User Growth - Total Orders increased by 18% year-over-year to 732 million, while Marketplace Gross Order Value (GOV) rose by 20% year-over-year to $23.1 billion [2] - Monthly Active Users (MAUs) in the U.S. Marketplace contributed to consistent year-over-year growth in December 2024 [2] - International MAUs continued to grow at a double-digit pace, with Wolt-branded countries seeing more than double the Wolt+ members compared to the end of Q1 2024 [3] Financial Outlook - DoorDash expects adjusted EBITDA as a percentage of Marketplace GOV to increase from the second quarter to the third quarter [4] Acquisitions - DoorDash is preparing to acquire Deliveroo, a U.K.-based food delivery firm, in a $3.9 billion deal [5] - The company also agreed to acquire SevenRooms, a New York City-based software company, for $1.2 billion [5] - The acquisitions are expected to close in the second half of 2025, pending customary closing conditions and regulatory approvals [5] - As of March 31, 2025, DoorDash held $4.71 billion in cash and equivalents [5] Stock Performance - DoorDash stock experienced a decline of 5.19%, trading at $194.75 in premarket [6]