Investors have raised concerns over the company ambitious investing plans as it ramps up its artificial intelligence and autonomous tech
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Doordash
’s stock dropped 10% after the food delivery platform issued disappointing fourth-quarter results and guidance as it ramps up its investments in new technology.
Here’s how the company did versus LSEG estimates:
The company also forecast lackluster guidance for the first quarter. Doordash expects adjusted EBITDA between $675 million and $775 million versus a StreetAccount estimate of $802 million.
The food delivery platform said it expects to spend "several hundred million dollars" on new initiatives and development in 2026.
Analysts noted improvement in the company's unit economics, especially in new areas like grocery and retail.
DoorDash is in the middle of a massive spending initiative as it builds out a new tech platform following a string of…
DoorDash reported better-than-expected results and said total orders increased 20%.
For the most part, Wall Street analysts have retained their strong conviction on DoorDash following its fourth-quarter earnings…
Shares of DoorDash could rally 23% from current levels, according to Jefferies.
