DoorDash shares surge after earnings and order guidance
Updated
Updated · CNBC · May 6
DoorDash shares surge after earnings and order guidance
8 articles · Updated · CNBC · May 6
The stock jumped 14% after first-quarter EPS of 42 cents beat estimates, while revenue missed at $4.04bn and gross order value reached $31.6bn.
Second-quarter marketplace GOV guidance of $32.4bn-$33.4bn met or topped forecasts, though EBITDA guidance of $770m-$870m was softer at the midpoint.
DoorDash is increasing spending on technology, AI and acquisitions including SevenRooms and Deliveroo, while expecting more than $50m in second-quarter costs from driver gas-price relief.
As DoorDash builds its autonomous delivery empire, what is the long-term plan for its millions of human drivers?
DoorDash is betting billions on AI and robots while missing revenue. Is this a visionary strategy or a reckless gamble?
By controlling delivery, data, and reservations, is DoorDash saving local restaurants or building an inescapable monopoly?