DoorDash Forecasts $31–31.8B Q1 Order Value, Shares Soar 11%
DoorDash shares jumped 11% premarket after it forecast first-quarter marketplace gross order value of $31–31.8 billion, topping Wall Street’s $29.6 billion estimate. The company’s Q4 total orders rose 32% year-on-year and it plans a major 2026 tech platform rebuild funded by several hundred million dollars of investment.
1. Q1 Marketplace GOV Forecast and Stock Reaction
DoorDash issued guidance for first-quarter marketplace gross order value of $31 billion to $31.8 billion, exceeding the $29.6 billion consensus. Investors drove shares up 11% in premarket trading on expectations of continued order momentum.
2. Q4 Order Growth and Business Expansion
In the fourth quarter, total orders climbed 32% year-over-year, following a 19% gain in the prior year. Strength in US grocery and retail categories helped DoorDash attract more new consumers than in any previous quarter.
3. 2026 Tech Platform Rebuild and Profitability Outlook
The company plans a single-platform rebuild in 2026, integrating DoorDash, Wolt and Deliveroo with several hundred million dollars of technology investment. First-quarter adjusted EBITDA is guided at $675 million to $775 million, below the $798 million estimate, reflecting planned reinvestment.