Maplebear (CART) reported $992 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 12.3%. EPS of $0.53 for the same period compares to $0.53 a year ago.The reported revenue represents a surprise of +2.34% over the Zacks Consensus Estimate of $969.37 million. With the consensus EPS estimate being $0.52, the EPS surprise was +1.65%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

The food-delivery platform, also known as Maplebear, posted net income of $81 million, or 30 cents a share, down from $148 million, or 53 cents a share, from the same period a year earlier. ...

Uber has agreed to acquire the delivery business of Turkey’s Getir, once one of the biggest success stories of the country’s startup ecosystem, the company announced on MondayThe deal will see Uber paying $335 million at the outset to purchase Getir’s food delivery business. The ride-hailing giant will also pay $100 million for a 15% stake in Getir’s grocery, retail and water delivery business, and said it would complete the acquisition of the division over the next few years. Uber is buying the business f ...

Leadership Transition - Deepinder Goyal, founder and group CEO of Zomato's parent company Eternal, will step down from his executive role after 18 years, effective February 1, 2026 [1][2] - Albinder Singh Dhindsa, head of the quick commerce business Blinkit, will take over as the new group CEO on the same date [1][2] - Goyal will remain on the board as vice chairman, pending shareholder approval, and will focus on long-term strategy and governance while Dhindsa manages day-to-day operations [2][3] Company Performance - Eternal reported a significant increase in adjusted revenue for the third quarter ended December 31, 2025, with a surge of 190% to Rs166.92 billion ($1.82 billion) [4] - Food delivery net order value (NOV) increased by 16.6% year-on-year and 4.5% quarter-on-quarter, while gross order value (GOV) rose by 21.3% year-on-year [5] - Adjusted EBITDA margin reached 5.4% of NOV, generating Rs5.31 billion for the quarter, a 26% increase from the previous year [5] Quick Commerce Growth - Quick commerce NOV more than doubled, increasing by 121% year-on-year and 14% sequentially, with like-for-like growth exceeding 130% [5] - The quick commerce unit added 211 net new stores, bringing the total to 2,027, and achieved its first quarterly positive adjusted EBITDA of Rs40 million, compared to a loss of Rs1.56 billion in the prior quarter [6]

Core Insights - Deepinder Goyal, co-founder and CEO of Zomato and its parent company Eternal, is stepping down and passing the leadership to Albinder Dhindsa, CEO of Blinkit, while remaining as vice chairman on the board [1][2] - Goyal emphasizes that this change in title does not reflect a decrease in commitment to the company's outcomes, stating that Eternal remains his life's work [2] - The leadership transition occurs as Eternal reports significant growth, with profits increasing approximately 73% to ₹1.02 billion (around $11.13 million) and adjusted revenue rising 190% to ₹166.92 billion (about $1.8 billion) year-over-year [3] Company Developments - Zomato, co-founded by Goyal and Pankaj Chaddah in 2008, initially started as a restaurant discovery platform and has since expanded into food delivery and quick commerce [2][3] - The company has strengthened its market position by acquiring Uber Eats' India business in 2020 and Blinkit for $568 million in 2022 [3] - Blinkit has emerged as the fastest-growing segment within Eternal, with net order value increasing 121% to ₹133.0 billion (approximately $1.45 billion) in the last quarter [4] Industry Context - The shift in leadership may indicate Blinkit's growing importance within Eternal, as the company's growth trajectory is increasingly leaning towards quick commerce rather than traditional food delivery [5] - The quick commerce sector in India is experiencing rapid growth, although it faces scrutiny regarding the working conditions of gig workers, prompting the labor ministry to request changes in marketing practices and improvements in delivery personnel conditions [5]

Core Insights - The fundraising effort by Swiggy highlights the rapid expansion of the Indian e-commerce market driven by increasing demand for grocery delivery services [2] - Swiggy's stock has experienced a significant decline of 25% this year, contrasting with a 9% gain in the benchmark NSE Nifty 50 Index, indicating challenges in the competitive landscape [2] Company Overview - Swiggy, backed by Prosus, is conducting a share sale offering approximately 269.5 million shares, with proceeds aimed at expanding its network, including dark stores and warehouses [6] - The indicative price for the shares is set at 371 rupees, with most bids clustering around 375 rupees, reflecting a 6.8% discount to Swiggy's last closing price [1][6] - The company plans to invest in technology and cloud infrastructure, as well as pursue growth opportunities through potential acquisitions [6] Industry Context - Local grocery delivery firms are prioritizing growth over margins to capture market share amid an intensifying price war, which is impacting their stock performance [2][5] - Competitors such as Amazon and Walmart-backed Flipkart are also racing to establish extensive networks of neighborhood warehouses and ultra-fast delivery capabilities [5]

Summary of Key Points from the Conference Call Industry Overview - The conference call focuses on the **food delivery industry** in the **EMEA** region, particularly in relation to **Meituan's** Q3 results and its implications for competitors like **Delivery Hero**, **talabat**, **Jahez**, and **Prosus** in **Latin America** and **MENA** regions [1][2]. Company Insights 1. **Meituan's International Expansion** - Meituan is actively expanding its operations in the **GCC** and **Brazil**, competing with local players such as Delivery Hero and Jahez in Saudi Arabia, and talabat in Qatar and Kuwait. The company launched pilot operations in Brazil in October 2025 [2][3]. - The company sees significant growth potential in food delivery penetration in the **GCC** and Brazil, where platforms like WhatsApp are commonly used for food orders [2][3]. 2. **Financial Performance** - Meituan reported an adjusted EBITDA of **$(2.1) billion** in Q3 2025, a significant decline from **+$2.1 billion** in Q3 2024, indicating intensified competition and operational challenges [10][8]. - The New Initiatives segment, which includes grocery retail and overseas expansion, showed a narrowing of operating losses quarter-over-quarter, although the exact financial split remains unclear [3][8]. 3. **Market Position and User Data** - In Saudi Arabia, Meituan has become the second-largest player by user count, with Jahez experiencing a decline in users year-over-year [4][9]. - In the UAE, Meituan is gaining traction, although it is still in the early stages of its launch. In Kuwait, Jahez has been negatively impacted, while talabat's daily active users (DAUs) have increased year-over-year [4][12][19]. 4. **Competitive Landscape** - The competition in the food delivery sector is described as "irrational," with Meituan suggesting that the competition may have peaked in Q3 2025 [10]. - The sentiment in the EMEA food delivery market remains weak, influenced by the competitive dynamics in China and the performance of global food delivery companies [10]. Additional Insights - **Keeta**, a grocery delivery service under Meituan, achieved profitability in Hong Kong after 29 months of operation, following the exit of Deliveroo from that market [3]. - Regulatory challenges in Qatar affected talabat, which faced a temporary ban in September 2025, impacting its user base [4][28]. Conclusion - Meituan's aggressive expansion strategy in the EMEA region presents both opportunities and challenges, with significant competition from established players. The financial performance indicates a need for improved operational efficiency and market positioning to navigate the competitive landscape effectively.

Core Insights - Australian food delivery workers are set to achieve minimum pay levels due to a groundbreaking agreement between Uber Eats and DoorDash with the country's transport union, marking a significant development in the gig economy [1] Company and Industry Summary - The agreement is being recognized as a world first, indicating a potential shift in labor standards within the food delivery sector [1] - This deal may influence similar negotiations and labor practices in other countries, potentially leading to increased minimum wage standards for gig workers globally [1]

Core Viewpoint - DoorDash Inc. shares have experienced a significant decline of over 30% from October highs, currently trading just under $200, primarily due to missed earnings expectations and announced heavy spending plans for FY26 [2][7] Financial Performance - The company missed earnings per share (EPS) expectations but reported revenue figures that exceeded consensus, indicating that the core business remains strong [4] - DoorDash continues to see growth in orders and revenue, maintaining a dominant position in the U.S. delivery market while expanding into grocery and retail categories [4] Market Reaction - The recent selloff has led analysts to view the situation as a potential buying opportunity, with some suggesting that the 30% decline is excessive given DoorDash's consistent execution [6] - Analysts from Needham have reiterated a Buy rating, indicating a potential upside of up to 60% for the stock moving forward [6][7] Strategic Investments - Management's focus on automation, logistics, and international expansion through Deliveroo is seen as a proactive strategy to sustain growth and reinforce profitability, rather than a sign of weakness [5]

Core Insights - DoorDash, Inc. (DASH) has emerged as a strong performer post-pandemic, indicating that food delivery is a sustainable trend rather than a temporary spike [1] Company Overview - The company has demonstrated resilience and growth potential in the food delivery sector, which is expected to continue expanding [1] Analyst Perspective - Julian Lin, a financial analyst, focuses on identifying undervalued companies with long-term growth potential, emphasizing strong balance sheets and management teams [1] - Lin leads an investment group that shares high-conviction stock picks aimed at outperforming the S&P 500 [1]