DOORDASH REPORTS RECORD Q1 REVENUE, ACQUIRES DELIVEROO AND SEVENROOMS

DoorDash announced record first-quarter revenue of $3.03 billion, up 21% from the previous year, alongside two major acquisitions: Britain's Deliveroo for $3.9 billion and New York-based SevenRooms for $1.2 billion.

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The San Francisco-based food delivery company saw total orders climb 18% to 732 million, a quarterly high, but its shares fell 5% after missing Wall Street's revenue expectations of $3.09 billion.

For investors, merchants, and consumers, the acquisitions signal DoorDash's ambition to expand its global footprint and diversify its platform beyond delivery.

The Deliveroo deal, valued at £2.9 billion, enhances DoorDash's presence in Europe, Asia, and the Middle East, adding nine countries to its operations.

The SevenRooms acquisition, a hospitality tech firm, aims to boost in-store sales for merchants by integrating reservation and customer management tools into DoorDash's Commerce Platform.

Both deals, expected to close in late 2025, are the company's largest since its 2022 acquisition of Wolt Enterprises for $8.1 billion. Despite economic concerns, DoorDash's CEO Tony Xu stated demand for deliveries remained strong, with no observed changes in consumer behavior.

RECORD Q1 FINANCIAL PERFORMANCE

DoorDash reported $3.03 billion in revenue for Q1 2025, a 21% increase year-over-year, driven by a 20% rise in marketplace gross order value to $23.1 billion.

Total orders reached 732 million, up 18% from the prior year, aligning with StreetAccount’s estimate of 732.7 million.

Adjusted earnings per share were 44 cents, surpassing analyst expectations of 39 cents, per LSEG data. Net income was $193 million, reflecting growth in customer base and engagement, as noted in the company’s earnings release.