DoorDash (DASH) investor relations material

Executive summary

• Achieved record engagement and growth across membership programs, with strong share gains in all major markets, including the U.S. and Europe.

• Revenue grew 33% year-over-year to $4.04 billion in Q1 2026, driven by a 27% increase in total orders and the acquisition of Deliveroo.

• Continued innovation in AI and agentic commerce to enhance discovery, search, and end-to-end shopping experiences.

• Major acquisitions, including Deliveroo, SevenRooms, and Symbiosys, strengthened the global platform and merchant tools.

• Investments were made in expanding services, launching a global technology platform, and streamlining operations for efficiency and growth.

Financial highlights

• Marketplace GOV increased 37% year-over-year to $31.6 billion, with total orders up 27% to 933 million.

• Revenue increased 33% year-over-year to $4.04 billion; excluding Deliveroo, revenue grew 21% year-over-year.

• Adjusted EBITDA rose to $754 million from $590 million year-over-year, reflecting improved operating leverage.

• Net income attributable to common stockholders was $184 million, down 5% year-over-year.

• Free cash flow was $420 million, down from $494 million, impacted by working capital timing.

Outlook and guidance

• Q2 2026 Marketplace GOV expected between $32.4–$33.4 billion; Adjusted EBITDA forecasted at $770–$870 million.

• Full-year 2026 Adjusted EBITDA as a percent of Marketplace GOV expected to increase slightly versus 2025, excluding Deliveroo.

• Deliveroo expected to contribute about $200 million to 2026 Adjusted EBITDA.

• Second half EBITDA dollars and margins anticipated to be higher than the first half.

• No change in overall investment quantum for tech re-platforming; execution and cost are on track.