DoorDash Sees Record Fall on Saying Spending Will Hit Profit
A delivery worker carries a DoorDash bag in New York.
Photographer: Yuki Iwamura/BloombergDoorDash Inc. shares took a record plunge after the US food-delivery app leader said it will spend more on investments next year to build new products and bolster internal tools, weighing on its earnings forecast.
The company, which operates in more than 40 countries through its Wolt unit and the recently acquired Deliveroo business, expects to increase investment in Deliveroo to improve the product and maintain growth, it said in a statement Wednesday. It also anticipates spending “several hundred million dollars more” in 2026 on new products and an internal platform that will help improve operational consistency and product development speed. That will include AI tools to boost developer productivity, DoorDash said.