DoorDash Inc. ( DASH ) stock dipped Tuesday after the food delivery company reported strong order growth and confirmed two major acquisitions, even as quarterly revenue missed analyst expectations.

DoorDash ( DASH ) reported quarterly GAAP earnings of 44 cents per share, beating the analyst consensus estimate of 39 cents.

Quarterly revenue reached $3.03 billion, missing the $3.09 billion analyst consensus estimate. The revenue grew by 21% year-over-year.

Also Read: DoorDash’s Growth Picks Up Speed Despite Holiday Headwinds: Analyst

Total Orders increased 18% year-over-year to 732 million and Marketplace GOV increased 20% year-over-year to $23.1 billion.

U.S. Marketplace helped drive monthly active users (MAUs) for the quarter, which was consistent with Y/Y growth in December 2024.

International MAUs continued to grow at a double-digit pace throughout the quarter. In its Wolt-branded countries, DoorDash ( DASH ) more than doubled Wolt+ members exiting the quarter compared to the end of the first quarter of 2024.

Outlook

DoorDash ( DASH ) reiterated it expects adjusted EBITDA as a percentage of Marketplace GOV to increase from second-quarter to third-quarter.

Acquisitions

DoorDash ( DASH ) is preparing to acquire Deliveroo, a U.K.-based food delivery firm, in a $3.9 billion deal.

DoorDash ( DASH ) also agreed to acquire SevenRooms, a software company based in New York City for $1.2 billion, CNBC reported Tuesday. 

The acquisition will likely close during the second half of 2025, subject to customary closing conditions and regulatory approvals.

DoorDash ( DASH ) held $4.71 billion in cash and equivalents as of March 31, 2025.

DASH Price Action: DoorDash ( DASH ) stock is down 5.19% at $194.75 premarket at last check on Tuesday.  

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