DoorDash delivered piping hot earnings this week, accompanied by a side of lukewarm expectations for the first quarter. The delivery giant’s revenue in the winter quarter climbed 38% from the same time last year for a total that’s flirting with $4 billion. The app notched about 903 million orders, a 32% jump, as coffee-table diners double-dashed breakfast burritos and ramen. Orders were boosted by DoorDash’s October acquisition of British delivery app Deliveroo — without the new app, DoorDash orders still ...

Diane King all is with us taking a look at some of the movers here and looking at Door Dash. Good morning. >> Good morning to you, Nicole.What's interesting to see this one and how it plays out investor reaction cuz when they released the numbers for Door Dash, that stock actually initially sank after hours, but then this morning it came back. It was up double digits. It is still higher right now in um since the cash open.Uh so you actually had this double miss here that's not denting Door Dash. Uh investor ...

DoorDash (NasdaqGS:DASH) Q4 2025 Earnings call February 18, 2026 05:00 PM ET Company ParticipantsAndrew Boone - Managing DirectorEric Sheridan - Managing DirectorJosh Beck - Managing DirectorJustin Patterson - Managing Director of Equity ResearchJustin Post - Managing DirectorLee Horowitz - Co-Head of Internet Equity ResearchMark Mahaney - Senior Managing DirectorRavi Inukonda - CFOShweta Khajuria - Managing Director of Global InternetTony Xu - Co-Founder, Chairman, and CEOWeston Twigg - Head of Finance and ...

Financial Data and Key Metrics Changes - The company expects 2026 EBITDA margin to be slightly up compared to 2025, excluding Deliveroo, which is projected to contribute about $200 million of EBITDA [10][11][39] - The U.S. restaurant business contribution margin was up year-over-year in Q4, with expectations for continued margin improvement in 2026 [41][42] Business Line Data and Key Metrics Changes - New verticals, including retail and grocery, had a strong quarter and year, with 30% of miles in the U.S. coming from categories outside of restaurants [24][48] - The company aims to increase the percentage of miles from grocery and retail to 100% over time, with improvements in selection and efficiency driving growth [24][41] Market Data and Key Metrics Changes - The company reported high growth rates in the grocery sector, with no significant impact from competition, particularly from Amazon [47][50] - The company is expanding its capabilities with DashMart Fulfillment Services to enhance quality and compete effectively against larger players [50] Company Strategy and Development Direction - The company is focused on building an operating system for local commerce, integrating software, warehousing, and delivery infrastructure to support small and medium businesses [19][22] - Investments are being made in autonomous delivery platforms, with a vision for a fleet of vehicles to serve both urban and suburban areas [39][85] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position in Europe, highlighting faster growth compared to the U.S. and successful integration of Deliveroo [8][9] - The management emphasized the importance of maximizing long-term free cash flow through strategic investments in technology and service offerings [11][12] Other Important Information - The company is making significant investments in its global tech stack, with expectations for improved efficiency and feature development velocity [60][76] - The DashPass program is seen as critical for driving consumer engagement and order frequency, with plans to enhance its value proposition [66][69] Q&A Session Summary Question: Competitive intensity in Europe and investment levels for 2026 and 2027 - Management noted strong positioning in Europe and faster growth post-Deliveroo acquisition, with consistent investment levels expected [8][10] Question: Details on longer distance and higher effort deliveries - Management discussed the evolution of Dashers and the integration of software to support complex deliveries, emphasizing the need for improved pay models [18][22] Question: Strategy for autonomous delivery platform - Management outlined plans for a fleet of delivery vehicles, emphasizing the orchestration of deliveries between Dashers and autonomous vehicles [39][40] Question: Reasons for lower unit economics improvement in U.S. restaurant business - Management indicated that while margins are improving, the pace will be slower due to ongoing investments and seasonal factors [41][42] Question: Growth in grocery and perishables amid competition - Management reported continued high growth rates in grocery, asserting that consumer preference for choice supports their strategy [47][50] Question: Insights from Deliveroo acquisition - Management highlighted early successes and identified numerous small improvements that can enhance customer offerings [58][59] Question: Update on storefront software business and tech stack timing - Management confirmed positive integration with SevenRooms and expects significant tech stack benefits to materialize throughout 2026 [72][76]

DoorDash (NasdaqGS:DASH) Q4 2025 Earnings call February 18, 2026 05:00 PM ET Speaker13Hello, everyone. Thank you for joining us, and welcome to the DoorDash Q4 2025 earnings call. After today's opening statement, we will host a question and answer session. If you would like to ask a question, please press star one on your telephone keypad. To withdraw your question, please press star one again. I will now hand the call over to Weston Twigg. Please go ahead.Speaker18All right. Thanks, Elizabeth. Good afterno ...

Core Insights - DoorDash and Serve Robotics have entered a multi-year agreement to expand autonomous sidewalk deliveries in the U.S., starting in Los Angeles [1] - The partnership aims to integrate Serve's robots into DoorDash's logistics network, enhancing delivery speed and reducing emissions as order volumes increase [1][4] Company Developments - Serve Robotics has already completed over 100,000 deliveries from more than 2,500 restaurants in cities like Los Angeles, Miami, Dallas, Chicago, and Atlanta [2] - The collaboration allows DoorDash to optimize order fulfillment by matching each order with the most efficient delivery option, whether it be a robot, drone, or human Dasher [3] Strategic Goals - DoorDash's Autonomous Delivery Platform is designed to coordinate various delivery modes, leveraging its logistics infrastructure to commercialize autonomous delivery across different markets [4] - The partnership with Serve Robotics is expected to enhance delivery capacity for merchants and provide consumers with more fulfillment options, thereby improving reliability and reducing last-mile delivery costs [6] Market Reaction - Following the announcement, DoorDash shares fell by 1.4% to $277.10, while Serve Robotics shares surged by 28.01% to $17.60 [6]

Core Insights - DoorDash has launched a new feature called "Going Out," which integrates reservations and in-store rewards into its app [1] Group 1 - The "Going Out" feature aims to enhance user experience by allowing customers to make reservations at restaurants directly through the DoorDash app [1] - This new addition is expected to drive more foot traffic to partner restaurants, potentially increasing their revenue [1] - The in-store rewards program is designed to incentivize users to dine in at restaurants, further promoting local dining experiences [1]

Summary of Key Points from the Conference Call Industry Overview - **Industry Focus**: North America Internet - **Companies Highlighted**: META, PINS, DASH, UBER, CVNA, GOOGL, AMZN, Etsy, Temu, IAC, Zillow, Carvana, DoorDash, Uber, Airbnb, Expedia Core Insights and Arguments 1. **Positive Traffic Trends**: META, DASH, UBER, and CVNA show positive trends in website and app traffic, while trends for Online Travel, eCommerce, and SMB Servicers are mixed [1][2] 2. **META's Performance**: META's U.S. core apps MAUs increased by 2.3% year-over-year (Y/Y), with Instagram's minutes per daily active user (DAU) rising by 15% Y/Y to approximately 53 minutes [1][4] 3. **GOOGL's Search Share**: GOOGL's global search share declined by 10 basis points month-over-month (M/M) to 89.5%, with a year-over-year decline of 160 basis points [1][4] 4. **eCommerce Trends**: eCommerce web traffic remains soft, with notable declines for Temu's U.S. MAUs down 46% Y/Y and downloads down 84% Y/Y, while Etsy's U.S. MAUs grew by 14% Y/Y [1][4] 5. **DASH and UBER Growth**: DASH's U.S. MAUs grew by 20% Y/Y, and UBER's global MAUs increased by 9% Y/Y [1][4] 6. **Streaming Trends**: Streaming now accounts for 46% of TV viewing time, up from 42% for linear TV, with YouTube leading in time spent [5][6] 7. **ChatGPT Dominance**: ChatGPT remains the most downloaded app in the U.S. for six consecutive months, despite a 1% M/M decline in downloads [4][9] 8. **Mixed eCommerce App Trends**: While Amazon's global app MAUs grew by 8% Y/Y, Temu's U.S. app MAUs declined by 46% Y/Y [6][7] 9. **Retailer Performance**: Walmart's U.S. eCommerce sales growth accelerated to 21% Y/Y, while Target's digital comp sales grew by 4.7% Y/Y [6][7] 10. **Online Travel Trends**: Mixed trends in online travel, with Booking.com's traffic down 2% Y/Y, while Expedia's U.S. traffic grew by 3% Y/Y [6][7] 11. **SMB Servicers**: Traffic trends for SMB servicers were mostly softer, with GoDaddy's U.S. traffic growing by 4% Y/Y in June [6][7] 12. **Online Real Estate**: Zillow's U.S. web traffic declined by 4% Y/Y in June, but its app MAU growth increased by 7% Y/Y [6][7] 13. **Online Autos**: Carvana's U.S. web traffic rebounded to +11% Y/Y in June, while ACV Auctions' traffic accelerated to +48% Y/Y [6][7] Additional Important Insights - **App Download Rankings**: META accounted for 19% of the top 25 app downloads in June, with four of its apps in the top 25 [4][9] - **Digital Advertising Trends**: Social media time spent in the U.S. increased by 3% Y/Y, with Meta's core apps leading the growth [4][10] - **GenAI App Usage**: ChatGPT's web unique visitors increased by 64% Y/Y, while Google's Gemini app MAUs reached 260 million [5][6] - **Market Methodology**: The data is aggregated from SimilarWeb and Sensor Tower, providing insights into engagement trends across various platforms [7][8] This summary encapsulates the key points from the conference call, highlighting the performance of various companies and trends within the North American internet industry.

DoorDash (DASH) FY Conference Summary Company Overview - DoorDash is one of the world's largest local e-commerce platforms with an industry-leading food delivery share in the US exceeding 60% [2][6][8] - The company aims to empower and grow local economies, initially focusing on restaurant delivery and expanding into grocery, convenience, and retail sectors [5][6][9] Core Business Strategies - **Marketplace Business**: Focused on demand generation and consumer acquisition, with significant room for growth as daily app usage remains low compared to the total addressable market [7][8][12] - **B2B Services Strategy**: Includes logistics as a service and merchant support through products like Drive and Storefront, with recent acquisition of Seven Rooms to enhance merchant services [10][11][12] Consumer Demand and Resilience - DoorDash has observed strong consumer demand across various income levels and regions, attributing resilience to the food category's consistent demand [13][14][15] - The product has improved significantly over the years, contributing to sustained demand and user engagement [15][18] Financial Performance Insights - Q1 saw a lower net revenue margin take rate due to seasonal factors and strategic fee reductions for grocery consumers, but confidence remains for recovery in Q2 and the second half of the year [30][35][36] - EBITDA dollar growth year-over-year was approximately 60%, indicating strong financial health despite fluctuations in take rates [34][38] Growth in New Verticals - Grocery and new verticals are expected to lead in order volume share, driven by improved selection and quality on the platform [39][41] - Majority of new users in grocery come from existing restaurant customers, enhancing overall retention [44][46] International Expansion - DoorDash is growing faster internationally than in its core restaurant business, with a gross profit-positive portfolio and strong user engagement [52][53][54] - Partnerships, such as with Deliveroo, are aimed at expanding market reach in Europe [55] Advertising and Merchant Services - The advertising business is seen as a service to merchants, with a focus on providing analytics to improve return on advertising spend [65][66][69] - The majority of advertising revenue currently comes from US restaurants, with growth potential in international markets [66][67] Capital Allocation and Future Outlook - DoorDash maintains a healthy cash flow and is open to investments that meet IRR thresholds, including share buybacks and M&A opportunities [72][73] - The company is optimistic about growth in existing businesses and new verticals, with a focus on enhancing user experience and operational efficiency [90][91] Technology and Innovation - DoorDash is exploring AI for internal efficiencies and consumer personalization, as well as autonomous delivery technologies [82][84] - The company is disciplined in its approach to technology investments, focusing on long-term benefits [86] Conclusion - DoorDash's core business remains strong, with significant growth opportunities in new verticals and international markets, supported by strategic partnerships and technological advancements [88][90]