DoorDash Q1 revenue rises on strong consumer demand

DoorDash

06/05/2026 21:22

Overview

US food delivery platform's Q1 revenue rose 33% yr/yr to $3.03 billion, driven by higher orders and consumer demand

Q1 adjusted EBITDA rose 28% and beat analyst expectations

Net income for Q1 declined 5% yr/yr but beat analyst expectations

Outlook

DoorDash expects Q2 2026 Marketplace GOV of $32.4 bln to $33.4 bln

Company sees Q2 2026 Adjusted EBITDA between $770 mln and $870 mln

DoorDash expects full-year 2026 Adjusted EBITDA as a percent of Marketplace GOV to rise slightly vs 2025, excluding Deliveroo

Result Drivers

CONSUMER GROWTH - Co said Q1 order and revenue growth was driven primarily by an increase in the number of consumers and record membership signups

DELIVEROO ACQUISITION - Acquisition of Deliveroo contributed to growth in Marketplace GOV and revenue

CATEGORY EXPANSION - Expanded selection in grocery, retail, and new categories attracted more new consumers and increased engagement

Company press release: ID:nBwTy5N1a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
Beat
$184 mln
$170.35 mln (25 Analysts)
Q1 Adjusted EBITDA
Beat
$754 mln
$743.27 mln (35 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 37 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the online services peer group is "buy"

Wall Street's median 12-month price target for DoorDash Inc is $255.00, about 53.5% above its May 5 closing price of $166.14

The stock recently traded at 51 times the next 12-month earnings vs. a P/E of 63 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)