DoorDash is preparing to acquire New York City-based hospitality tech company SevenRooms. The company characterized the deal as “a significant expansion of DoorDash's Commerce Platform capabilities,” according to a Tuesday (May 6) press release.
DoorDash shares are sinking Tuesday after the food-delivery company posted first-quarter revenue that undershot analysts' forecasts.
Shares of DoorDash Inc (NYSE:DASH) fell about 8% on Tuesday morning in New York after the food delivery company posted a quarterly profit that missed some investors' expectations on margins. The company reported first-quarter adjusted EBITDA of $590 million, up from $371 million a year earlier but below some buyside hopes, despite surpassing analyst consensus estimates.
Here's our initial take on DoorDash's (DASH -7.63%) financial report.
DoorDash, Inc. (DASH) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to loss of $0.06 per share a year ago.
DoorDash swung to a first-quarter profit as demand continued to grow for online restaurant and grocery-store orders, and the company also struck a $1.2 billion deal for a maker of reservation software.
Doordash announces $1.2 billion SevenRooms deal, misses revenue expectations
DoorDash (DASH) is acquiring British delivery firm Deliveroo for about 2.9 billion pounds ($3.86 billion) in cash, expanding the U.S. company's geographic reach.
DoorDash will purchase British rival Deliveroo for $3.85 billion, the companies said on Tuesday, helping DoorDash grow its market share in Europe.
DoorDash said on Tuesday it has agreed to buy its U.K. rival Deliveroo for about £2.9 billion (around $3.29 billion), as the U.S. food delivery company seeks to expand into new markets.
British food delivery firm Deliveroo on Monday said it has agreed to a takeover offer from American rival DoorDash that values the company at £2.9 billion.
DoorDash said on Tuesday it would buy British meal delivery firm Deliveroo for 2.9 billion pounds ($3.85 billion) as a part of the U.S. online delivery platform's plans to expand into international markets.