Why DoorDash's Stock Is Down 15% Today

Core Insights - DoorDash (DASH) shares fell nearly 15% after missing profit estimates and providing a weak outlook, making it the worst-performing stock in the S&P 500 on that day [1] Financial Performance - The company reported third-quarter earnings per share of $0.55, significantly below analyst expectations [2] - Revenue increased by 27% year-over-year to $3.45 billion, surpassing forecasts [2] - Orders rose by 21% to 766 million, while marketplace gross order value grew by 25% to $25 billion [2] - Costs and expenses surged by 23% to $3.19 billion due to investments in expansion and new initiatives like delivery robots [2] Future Outlook - DoorDash anticipates spending "several hundred million dollars" more in 2026 compared to 2025, indicating a commitment to growth despite rising costs [3] - The company projects adjusted EBITDA for the current quarter to be between $710 million and $810 million, which is below analyst consensus [4] - Analysts from Deutsche Bank and Oppenheimer maintained "buy" ratings but reduced their price targets to $298 and $280, respectively, due to increased costs [4] Stock Performance - Despite the recent decline, DoorDash shares have gained over 20% in value in 2025 [5]