DoorDash Reports Strong Q1 Demand, Announces Major AcquisitionsDespite growing concerns about the U.S. economy, DoorDash reported robust demand in the first quarter of 2025. Total orders increased by 18% year-over-year to a record 732 million, with grocery deliveries seeing notable growth. The company also expanded its restaurant listings and widened its geographic reach within the U.S.
In a major strategic move, DoorDash confirmed its acquisition of U.K.-based Deliveroo for £2.9 billion ($3.9 billion) in cash. The deal, which had been speculated since Deliveroo received the bid over a week ago, will significantly expand DoorDash’s operations across Europe, Asia, and the Middle East. With this acquisition, DoorDash will now be active in 40 countries.In addition, DoorDash announced it has purchased SevenRooms, a New York-based provider of hospitality management software, for $1.2 billion in cash. The company said this acquisition will help restaurant partners grow their in-store sales and strengthen customer engagement. The deal is expected to close in the second half of 2025.
These are DoorDash’s largest acquisitions since 2022, when it acquired Finnish delivery firm Wolt Enterprises for $8.1 billion, entering 22 new international markets, including Germany.
For Q1, DoorDash posted revenue of $3.03 billion, up 21% from the previous year but slightly below Wall Street’s forecast of $3.09 billion (FactSet). Net income rose to $193 million, compared to a $23 million loss in the same period last year. On an adjusted basis, earnings were 44 cents per share, exceeding analysts’ expectations by five cents.
Despite the positive earnings, DoorDash shares fell 5% in premarket trading Tuesday.
