Doordash Inc Stock Price, News & Analysis

DoorDash (NASDAQ: DASH) has announced the pricing of $2.5 billion in 0% convertible senior notes due 2030, upsized from the initially planned $2.0 billion. The notes will mature on May 15, 2030, with an initial conversion rate of 3.4250 shares per $1,000 principal amount, representing a conversion price of $291.97 per share - a 42.50% premium over the last trading price. DoorDash entered into convertible note hedge and warrant transactions to minimize potential dilution, with warrant strike prices set at $512.225 (150% premium). The company expects net proceeds of approximately $2.47 billion, which will be used to fund hedge transactions and general corporate purposes, including potential acquisitions and share repurchases.

DoorDash (NASDAQ: DASH) has announced plans to offer $2.0 billion in convertible senior notes due 2030 through a private offering to qualified institutional buyers. The notes will be senior, unsecured obligations with semi-annual interest payments. Initial purchasers have an option to buy an additional $200 million in notes. The company will implement convertible note hedge and warrant transactions to minimize potential dilution. The notes will be convertible under specific conditions before November 15, 2029, and freely convertible thereafter. DoorDash can redeem the notes after May 20, 2028, subject to certain conditions, including if the stock price exceeds 130% of the conversion price. The proceeds will fund the hedge transactions and general corporate purposes, including potential acquisitions and stock repurchases.

DoorDash has launched its Preferred Integrations Partner Program, naming Otter as one of eight inaugural partners. The announcement was made at the National Restaurant Association Show in Chicago. Otter's integration with DoorDash offers restaurants enhanced operational features and secure performance, helping streamline delivery operations and boost revenue.

The partnership highlights Otter's comprehensive suite of tools, including POS integration, financial analytics, and live operations alerts. A case study of Jim's Burgers in Los Angeles demonstrated significant improvements after implementing Otter's system, including a 23% increase in order volume, 17% increase in gross sales, and 78% reduction in canceled orders. Otter has processed over a billion orders across 40+ countries and integrates with hundreds of platforms.

DoorDash (DASH) and Wing are expanding their drone delivery partnership to Charlotte, NC, marking their latest collaboration in bringing innovative delivery solutions. Starting May 14, 2025, eligible customers within four miles of The Arboretum Shopping Center can order from local restaurants and national partners like Panera Bread for drone delivery.

The service includes offerings from Curry Junction, Matcha Cafe Maiko, Joa Korean food, and a specialized DashMart featuring drinks, snacks, and medicine. To celebrate the launch, customers can order Panera's mac & cheese for $1 via drone delivery for a limited time. This expansion follows successful implementations in Australia, Southwest Virginia, and Dallas-Fort Worth, with plans for further growth later in 2025.

DoorDash (NASDAQ: DASH) has announced an agreement to acquire SevenRooms, a New York-based hospitality technology company. The acquisition, expected to close in H2 2025, will integrate SevenRooms's CRM and guest experience tools into DoorDash's Commerce Platform.

The strategic combination aims to help merchants enhance in-store and delivery sales, strengthen customer relationships, and boost profitability. SevenRooms, founded in 2011, provides marketing, operations, and guest experience tools integrated with its CRM system for restaurants and hospitality businesses.

Post-acquisition, SevenRooms will maintain its mission while gaining access to DoorDash's scale, resources, and global reach. The deal supports DoorDash's broader mission to empower local businesses and strengthen consumer-merchant connections across all channels.

DoorDash (DASH) reported strong Q1 2025 financial results with record-breaking performance across key metrics. The company achieved Total Orders of 732 million (up 18% Y/Y), Marketplace GOV of $23.1 billion (up 20% Y/Y), and revenue of $3.0 billion (up 21% Y/Y). DASH reported a GAAP net income of $193 million, a significant improvement from a $23 million loss in Q1 2024. The company announced two major acquisitions: Deliveroo plc for £2.9 billion and SevenRooms for $1.2 billion. DoorDash saw strong performance in its grocery category and membership programs, with accelerating growth in DashPass and Wolt+ members. For Q2 2025, the company expects Marketplace GOV between $23.3-23.7 billion and Adjusted EBITDA of $600-650 million.

DoorDash (NASDAQ: DASH) has announced an agreement to acquire Deliveroo plc in a cash deal valued at £2.9 billion ($3.6 billion), representing a 44% premium to Deliveroo's closing price on April 4, 2025. The acquisition will strengthen DoorDash's global presence, expanding operations to over 40 countries with a combined population exceeding 1 billion people.

The merged entity will serve approximately 50 million monthly active users and generated a combined Gross Order Value of approximately $90 billion in 2024. Deliveroo shareholders will receive 180 pence in cash per share. The deal combines DoorDash's operating expertise with Deliveroo's local market knowledge across its nine countries of operation, including the UK, France, and UAE.

DoorDash (NASDAQ: DASH) has announced a change in the schedule for its first quarter 2025 financial results release and earnings conference call. The company will now report earnings on Tuesday, May 6, 2025, before market open, with a conference call at 5 a.m. PT / 8 a.m. ET. This is a change from the previously scheduled release on Wednesday, May 7, 2025, after market close, with a conference call at 2 p.m. PT / 5 p.m. ET.

Interested parties can access the live webcast through DoorDash's Investor Relations website at ir.doordash.com, where a replay will also be available afterward. Previously registered participants will not need to register again for the rescheduled call.

Teremana Tequila, founded by Dwayne "The Rock" Johnson, has launched its fifth annual "Guac on the Rock" campaign with expanded benefits. From May 1-31, 2025, customers can receive a $10 reimbursement for any appetizer when purchasing a Teremana cocktail at participating restaurants and bars. The campaign, which previously focused only on guacamole, now covers all appetizers with a total reimbursement cap of $1 million. Through a new partnership with DoorDash, customers who purchase Teremana (750ml+) through DoorDash retail locations between May 1-12 will receive a $10 DoorDash gift card for appetizers. This expansion addresses current economic pressures, with 84% of Americans reporting reduced dining out due to inflation.