Doordash broadcasts $1.2 billion SevenRooms deal, misses income expectations

Doordash on Tuesday introduced the $1.2 billion acquisition of restaurant reserving platform SevenRooms and reported first-quarter income that missed expectations.

Shares of Doordash fell 5% following the information.

Here is how the corporate did, primarily based on LSEG expectations:

• Earnings per share: 44 cents vs. 39 cents anticipated
• Income: $3.03 billion vs. $3.09 billion anticipated

Doordash mentioned the all-cash acquisition of SevenRooms, a New York Metropolis-based information platform for eating places and motels to handle reserving info, will shut within the second half of 2025.

British meals supply service Deliveroo mentioned Tuesday that it has agreed to a takeover provide from Doordash price $3.9 billion.

“We imagine each SevenRooms and Deliveroo will broaden our potential to construct world class providers that enhance our potential to develop native commerce and assist our monetary targets,” Doordash mentioned in a launch.

First-quarter income of $3.03 billion was up 21% from the year-ago quarter.

Doordash reported complete orders of 732 million for the quarter, an 18% enhance over the identical interval a 12 months in the past. Analysts polled by StreetAccount anticipated 732.7 million.

The corporate mentioned it expects second-quarter adjusted earnings earlier than curiosity, curiosity, taxes, depreciation and amortization of $600 million to $650 million. Analysts polled by StreetAccount anticipated $639 million.

“Thus far in 2025, client demand on our marketplaces has remained sturdy, with engagement throughout totally different client cohorts and kinds that we imagine is in step with typical seasonal patterns,” the corporate mentioned.

Doordash reported $193 million in internet revenue for Q1 2025, or 44 cents per share. The corporate had a internet lack of $23 million, or a internet lack of 6 cents per share, in the identical quarter a 12 months in the past.

Doordash famous progress within the grocery supply class, citing “accelerating common spend per grocery client and rising common spend on perishables.”

The corporate didn’t point out tariffs as an element within the monetary outlook, however did notice that an elevated worldwide presence leaves it open to “geopolitical and forex dangers.”

Correction: DoorDash reported first-quarter earnings of 44 cents per share. An earlier model mischaracterized the determine.

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