DoorDash has released its fourth quarter financial results, demonstrating a mixed performance that fell slightly short of Wall Street’s expectations on both revenue and earnings per share. The company’s earnings per share stood at $0.48, which missed analysts’ forecast of $0.55. However, adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) showed a notable increase, reaching $780 million—up 38% year-over-year and surpassing forecasts by nearly $5 million.
In terms of revenue, DoorDash reported a year-over-year growth of 28%, totaling $3.96 billion for the quarter. This figure was marginally below the $4 billion anticipated by analysts. Nonetheless, the number of total orders surged significantly, climbing 32% to 903 million, exceeding the expected 888 million orders.
Following the announcement, DoorDash’s stock experienced a boost, rising as much as 13% during premarket trading. The company also reported that its marketplace gross order value (GOV)—which includes the total dollar value of transactions completed through its marketplace, as well as taxes, tips, and fees related to services like DashPass and its international platform Wolt+—amounted to $29.7 billion. This figure surpassed the projected $29.1 billion, reflecting increased acquisition of new customers and higher order rates from existing customers, particularly in the U.S. restaurant category.
Looking ahead to the first quarter of 2026, DoorDash has set its expectations for marketplace GOV within a range of $31.0 billion to $31.8 billion, surpassing the consensus forecast of $30.75 billion. However, the anticipated adjusted EBITDA for this period is projected to be between $675 million to $775 million, falling short of the Street’s prediction of $800 million.
