Loading...
•
Dec 31, 2025
DoorDash Q4 2025 Earnings Report
DoorDash reported strong fourth quarter 2025 results with significant growth in orders, Marketplace GOV, revenue, and profitability.
Key Takeaways
DoorDash delivered 38% revenue growth in Q4 2025, driven by a 32% increase in total orders and 39% growth in Marketplace GOV, while generating $213 million in GAAP net income and $780 million in Adjusted EBITDA.
Revenue increased to 3955000000 in Q4 2025.
Total Orders grew to 903000000.
Marketplace GOV reached 29683000000.
Adjusted EBITDA rose to 780000000.
Forward Guidance
For Q1 2026, DoorDash expects Marketplace GOV between 31000000000 and 31800000000 and Adjusted EBITDA between 675000000 and 775000000, with continued investment in growth initiatives and Deliveroo integration.
Positive Outlook
- Q1 2026 Marketplace GOV expected between 31000000000 and 31800000000.
- Q1 2026 Adjusted EBITDA expected between 675000000 and 775000000.
- Adjusted EBITDA as a percentage of Marketplace GOV expected to increase slightly in 2026 excluding Deliveroo.
- Deliveroo expected to contribute approximately 200000000 to Adjusted EBITDA in 2026.
- Adjusted EBITDA expected to be significantly higher in 2H 2026 compared to 1H 2026.
Challenges Ahead
- Deliveroo expected to contribute less than 25000000 to Adjusted EBITDA in Q1 2026.
- Estimated 20000000 direct impact from severe storms in the U.S. in Q1 2026.
- Quarter-over-quarter increase in Dasher costs per order expected in Q1 2026.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...