DoorDash Reports Record Revenue and Announces Major Acquisitions

Published 1 hours agoDASH

DoorDash Reports Record Revenue and Announces Major Acquisitions

DoorDash has announced a record revenue of $3.03 billion for the first quarter of 2025, which marks a 21% increase over the previous year. This impressive figure slightly fell short of Wall Street's expectations of $3.09 billion, highlighting the company's strong revenue growth despite the marginal miss. Reuters noted that alongside this revenue, DoorDash's total orders surged 18% to 732 million, driven by significant growth in grocery deliveries and partnerships with restaurants.

In a remarkable financial turnaround, DoorDash recorded a net income of $193 million, compared to a $23 million loss in the first quarter of last year. This financial upswing comes as DoorDash announced ambitious expansion plans, including the acquisition of SevenRooms, a hospitality management software firm, for $1.2 billion. This acquisition aims to enhance DoorDash's merchant offerings, focusing on boosting in-store sales and customer relations.

Additionally, DoorDash has agreed to purchase Britain's Deliveroo for £2.9 billion, or $3.9 billion, in cash, according to reports by the Financial Times. This move is poised to significantly expand the company's reach in Europe, Asia, and the Middle East. Both acquisitions are expected to close in the second half of 2025, highlighting DoorDash's strategic intent to solidify its global presence and enhance its service capabilities.

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DoorDash Reports Record Revenue and Announces Major Acquisitions

DoorDash Reports Record Revenue and Announces Major Acquisitions

1 hours agoDASH

DoorDash has announced a record revenue of $3.03 billion for the first quarter of 2025, which marks a 21% increase over the previous year. This impressive figure slightly fell short of Wall Street's expectations of $3.09 billion, highlighting the company's strong revenue growth despite the marginal miss. Reuters noted that alongside this revenue, DoorDash's total orders surged 18% to 732 million, driven by significant growth in grocery deliveries and partnerships with restaurants. In a remarkable financial turnaround, DoorDash recorded a net income of $193 million, compared to a $23 million loss in the first quarter of last year. This financial upswing comes as DoorDash announced ambitious expansion plans, including the acquisition of SevenRooms, a hospitality management software firm, for $1.2 billion. This acquisition aims to enhance DoorDash's merchant offerings, focusing on boosting in-store sales and customer relations. Additionally, DoorDash has agreed to purchase Britain's Deliveroo for £2.9 billion, or $3.9 billion, in cash, according to reports by the Financial Times. This move is poised to significantly expand the company's reach in Europe, Asia, and the Middle East. Both acquisitions are expected to close in the second half of 2025, highlighting DoorDash's strategic intent to solidify its global presence and enhance its service capabilities.