DoorDash Stock Plummets Despite Revenue Beat in Q3
DoorDash shares tumbled nearly 10% in early trading after posting mixed third-quarter results. While revenue climbed 27% year-over-year to $3.45 billion—surpassing Wall Street's $3.36 billion forecast—EPS of $0.55 missed analyst expectations by a wide margin.
The delivery platform's earnings shortfall overshadowed strong top-line growth, highlighting investor focus on profitability. At 44.7% year-over-year growth, EPS progress failed to match the market's appetite for outperformance across all metrics.