The food delivery platform said it expects to spend "several hundred million dollars" on new initiatives and development in 2026.
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DoorDash
reported third-quarter earnings that missed analyst expectations and said it expects to spend “several hundred million dollars” on new initiatives and development in 2026.
The stock plummeted 20% following the report.
Here’s how the company did compared to LSEG estimates:
Investors have raised concerns over the company ambitious investing plans as it ramps up its artificial intelligence and…
DoorDash is in the middle of a massive spending initiative as it builds out a new tech platform following a string of…
Analysts noted improvement in the company's unit economics, especially in new areas like grocery and retail.
DoorDash reported better-than-expected results and said total orders increased 20%.
Shares of DoorDash could rally 23% from current levels, according to Jefferies.
For the most part, Wall Street analysts have retained their strong conviction on DoorDash following its fourth-quarter earnings…
