The local commerce platform outlined several of its recent projects and said that it expects to accelerate development of its global technology platform for product development and operations in 2026.
“We wish there was a way to grow a baby into an adult without investment, or to see the baby grow into an adult overnight, but we do not believe this is how life or business works,” DoorDash said in the release. “Instead, we attempt to invest in a way that manages to milestones, allocating the appropriate amount of time and resources at the right stage of development.”
CNBC reported Wednesday that investors greeted this news with a 9% drop in DoorDash’s stock price. The report also said that the company missed LSEG estimates, with earnings at 55 cents per share versus the expected 69 cents per share. Revenue was at $3.45 billion versus the expected $3.36 billion, per the report.
During the company’s earnings call, the first two questions from analysts had to do with DoorDash’s planned investments. They asked how much of the incremental investment has a “very defined, near-term payback” and what are the goals.
DoorDash Co-Founder and CEO Tony Xu said the investment in the tech platform will boost the company’s efficiency, and the investment in new products will enable it to solve more problems for customers and do so in better ways.
“I think our track record in investing in the areas that we currently have operating, whether it’s U.S. restaurants, U.S. team verticals, the international business, our commerce platform, our ads business, have suggested that we’ve had some success in repeating this playbook,” Xu said. “We’re doing this now for future growth.”
DoorDash also highlighted its acquisition of another local commerce platform, Deliveroo, which closed on Oct. 2 after being approved by a U.K. court.
“We are excited about the quality of talent joining our team and the opportunities to build upon the selection, quality and affordability of Deliveroo’s marketplace,” the company said in the release.
