DoorDash shares plunge as EPS misses estimates

DoorDash’s third-quarter report sent shares down 14% as earnings missed forecasts while revenue beat. EPS was 55 cents versus 69 cents expected, and revenue rose 27% to $3.45 billion. Net income reached $244 million, and orders grew 21% to 776 million, just above FactSet’s tally. The company plans to spend several hundred million dollars on new initiatives in 2026; it is building a global tech platform expected to accelerate then and announced its Dot autonomous robot in September. Q4 adjusted EBITDA guidance is $710 million to $810 million, with Deliveroo expected to lift results.