DoorDash Q3 revenue tops estimates on order growth; to acquire Instacart
CART•DoorDash’s Q3 revenue rose 34% year over year to $4.62 billion, beating estimates, while net income jumped 91% to $466 million. The company said it will acquire Instacart in a $17 billion cash-and-stock deal.
1. Quarterly results
DoorDash reported Q3 revenue of $4.62 billion, up 34% year over year and above the $4.56 billion analyst estimate. Net income rose 91% to $466 million, compared with an estimate of $388.83 million, and adjusted EBITDA was $1.06 billion versus an estimate of $1.02 billion. The company said order growth was driven by more consumers and the acquisition of Deliveroo; higher average order values and DashPass membership growth also supported results.
2. Acquisition and outlook
DoorDash said it will acquire Instacart in a $17 billion cash-and-stock deal. For Q4 2026, the company expects Marketplace GOV of $35.4 billion to $36.4 billion and adjusted EBITDA of $900 million to $1.1 billion, assuming stable consumer demand and foreign currency rates.
