DoorDash Q4 EPS Misses by 19%, Orders Grow 32% to 903 Million
DoorDash reported Q4 adjusted EPS of $0.48, missing the $0.59 analyst estimate, and revenue of $3.96 billion fell short of the $3.98 billion consensus despite 38% year-on-year growth. Total orders jumped 32% to 903 million and adjusted EBITDA rose 38% to $780 million, but first-quarter guidance forecasts adjusted EBITDA below Street expectations.
1. Q4 Financial Performance
DoorDash posted adjusted EPS of $0.48 in Q4, falling short of the $0.59 estimate, and generated revenue of $3.96 billion, a 38% increase year-on-year but 0.5% below consensus.
2. Operational Metrics Growth
Total orders climbed 32% year-on-year to 903 million and Marketplace Gross Order Value rose 39% to $29.7 billion, while adjusted EBITDA increased 38% to $780 million, representing 2.6% of Marketplace GOV.
3. Deliveroo Integration Effects
Since completing the Deliveroo acquisition on October 2, DoorDash saw accelerated order growth from its international platform, with Deliveroo contributing over $45 million to adjusted EBITDA, slightly exceeding expectations.
4. Q1 2026 Guidance Outlook
DoorDash projects first-quarter Marketplace GOV of $31.0–31.8 billion and adjusted EBITDA of $675–775 million, factoring in incremental Deliveroo investments, an estimated $20 million impact from U.S. storms and higher Dasher costs per order.