Welcome to our dedicated page for DoorDash news (Ticker: DASH), a resource for investors and traders seeking the latest updates and insights on DoorDash stock.
DoorDash, Inc. (NASDAQ: DASH), founded in 2013 and headquartered in San Francisco, is a leading online food order and delivery service that has significantly expanded its operations since its inception. Initially focused on enabling restaurant food delivery, DoorDash has grown to empower small business owners by offering delivery services in an affordable and convenient manner. The platform enables delivery in areas where it was previously unavailable, thereby opening up new markets for local businesses.
Consumers can use the DoorDash app to order food on-demand for pickup or delivery from a variety of merchants, primarily in the United States. The company's acquisition of Wolt in 2022 extended its service footprint to Europe, further solidifying its presence in the international market. DoorDash provides a marketplace where merchants can create an online presence, market their offerings, and meet customer demand by making their products available for pickup or delivery.
Beyond restaurants, DoorDash's services have expanded to include grocery stores, retail shops, pet supplies, and flower shops. This broad offering underscores the company's commitment to being a comprehensive local commerce platform. Recent partnerships, such as the exclusive deal with Academy Sports + Outdoors announced in June 2024, highlight DoorDash's ongoing efforts to diversify and enhance its service offerings. This partnership allows customers to order products from Academy's 285 stores across 19 states directly through the DoorDash app, with delivery times averaging under an hour.
DoorDash also offers DashPass, a membership program that provides benefits like $0 delivery fees and reduced service fees on eligible orders from various merchants. This program has been well-received, offering value and convenience to frequent users.
Financially, DoorDash continues to show robust growth, driven by its strategic expansions and partnerships. The company's mission to empower local businesses and meet the growing demand for convenient delivery solutions positions it as a significant player in the local commerce and food delivery sectors.
DoorDash (NASDAQ: DASH) announced a new partnership with The Home Depot (NYSE: HD), making the world's largest home improvement retailer's products available for on-demand delivery through the DoorDash platform. The partnership enables delivery of home improvement essentials to both doorsteps and work sites in as little as one hour.
Through this collaboration, customers can purchase Home Depot products directly through the DoorDash app, offering enhanced convenience for both DIY enthusiasts and professional contractors. The service complements Home Depot's existing same-day and next-day delivery options.
This partnership is part of DoorDash's broader expansion into non-restaurant retail, with the platform now featuring over 115,000 non-restaurant stores in North America and offering nearly 2 million products across categories including Apparel, Home Improvement, and Arts and Crafts as of June 2024.
DoorDash (NASDAQ: DASH) has scheduled the release of its fourth quarter and full year 2024 financial results for Tuesday, February 11, 2025, after U.S. market close. The company will host a conference call to discuss results and guidance at 2 p.m. PT / 5 p.m. ET on the same day.
The earnings press release will be available on DoorDash's Investor Relations website. Interested parties can access the live webcast through the same platform, where a replay will also be made available after the call.
Ibotta (NYSE: IBTA) and DoorDash (NASDAQ: DASH) have announced a multi-year strategic partnership to integrate Ibotta's digital promotions into DoorDash's platform. The collaboration will give DoorDash customers access to Ibotta's digital promotions catalog across various categories including grocery, health and beauty, home improvement, and alcohol.
Through the Ibotta Performance Network (IPN), CPG brands will be able to reach consumers across DoorDash's network of over 115,000 non-restaurant stores in North America. The partnership aims to help brands maximize incremental returns using pay-per-sale efficiency and AI-driven optimization while delivering digital promotions at scale.
The implementation of Ibotta-provided offers is scheduled to go live on DoorDash's Marketplace later this year.
Walmart Canada and DoorDash Canada (NASDAQ: DASH) have launched a nationwide collaboration to provide on-demand delivery of groceries and general merchandise from over 300 Walmart Supercentres across 10 provinces. This partnership aims to offer Canadians affordable and convenient shopping options through DoorDash’s app and website. Customers can access tens of thousands of items, including private label brands like Great Value and Equate. Orders are fulfilled by nearby Dashers, and items can be added until shopping begins. The service is available on DashPass, offering $0 delivery fees on eligible orders.
DoorDash and InComm Payments have partnered to launch an in-app gift card shopping experience, allowing consumers to browse, purchase, and order delivery of gift cards from hundreds of merchants within the DoorDash app. The service launches November 29, featuring Black Friday promotions with -time discounts. DashMart, DoorDash's fulfillment platform, will enable physical gift card deliveries through Dashers. DashPass members will receive a 10% discount on select digital gift card orders, while non-members will get 5% off starting December 6.
DoorDash announces new features for the holiday season, including a redesigned shopping experience that allows users to search for items across merchants with prices and delivery times in one view. The platform introduces grocery list importing from iOS Reminders, recipe integration with Bon Appétit, and enhanced multi-store ordering through DoubleDash.
New gifting features include physical and digital gift cards from hundreds of merchants with 5-10% discounts from 11/29 to 12/20. The company also launches a discounted DashPass plan for SNAP/EBT recipients at $4.99/month. Special holiday promotions include $20 off retail orders of $60+ from 11/29 to 12/5, plus additional deals running from 12/6 to 12/24.
DoorDash Canada launches its seasonal HoliDifferently campaign, offering 30-40% savings during themed weekly promotions from November to January. A recent survey reveals that 30% of Canadians plan to introduce new holiday traditions this year. The campaign features five distinct seasonal periods: Overeager Celebrators (11/11-11/28), 12 Days of Deals (11/29-12/10), Holiday Baking Frenzy (12/11-12/19), Holiday Hermits (12/20-12/29), and New Year Resolution Amnesia (12/30-1/6). Notable findings show that 40% of Canadians might skip holiday functions to stay home, while 40% of survey respondents plan to bake 2-4 desserts this season. DoorDash partnered with Montreal illustrator Gabrielle Laïla Tittley for special holiday cards, with proceeds benefiting Big Brothers Big Sisters of Canada.
DoorDash (NASDAQ: DASH) announced that Chief Financial Officer Ravi Inukonda will participate in a fireside chat at the Nasdaq 51st London Investor Conference. The event is scheduled for Tuesday, December 10th, 2024, at 1:30 pm GMT. Interested parties can access an audio webcast of the discussion through the investor relations section of DoorDash's website at ir.doordash.com.
DoorDash (NASDAQ: DASH) announced its Q3 2024 financial results, showing significant growth. Total Orders increased by 18% Y/Y to 643 million, and Marketplace GOV rose by 19% Y/Y to $20.0 billion. Revenue was up 25% Y/Y to $2.7 billion, with a Net Revenue Margin increase to 13.5%. DoorDash achieved its first positive GAAP net income of $162 million compared to a loss of $(73) million in Q3 2023. Adjusted EBITDA grew 55% Y/Y to $533 million. The company improved delivery quality, reduced delivery times, and increased marketplace selection. DoorDash continues to expand its services, focusing on new verticals and international markets. The company repurchased $224 million of its Class A common stock and has $876 million remaining under the current authorization. The financial outlook for Q4 2024 anticipates Marketplace GOV of $20.6-$21.0 billion and Adjusted EBITDA of $525-$575 million.
DoorDash and Lyft have announced a partnership to offer exclusive benefits to DashPass members and Lyft riders, starting October 30. DashPass members will receive 5% off on-demand Lyft rides and 10% off scheduled airport rides (up to 4 per month), as well as 2 free Priority Pickup upgrades per month. New Lyft riders will get a 3-month free DashPass trial. Additionally, linking accounts by December 31, 2024, provides 50% off up to 4 scheduled airport rides and one DoorDash order. DashPass members save $5 per eligible order on average and have saved over $10 billion globally since 2018.
FAQ
What is the current stock price of DoorDash (DASH)?
What is the market cap of DoorDash (DASH)?
What does DoorDash do?
Where is DoorDash headquartered?
What recent acquisition has DoorDash made?
What other services does DoorDash offer besides food delivery?
What is DashPass?
What is the latest partnership DoorDash has announced?
How fast are deliveries made on DoorDash?
When was DoorDash founded?
How does DoorDash support local businesses?
In which countries does DoorDash operate?
