DoorDash stock jumps after outlook beat — but the cost bill is climbing
DoorDash shares rose 3% to $178.87 Thursday after the company projected first-quarter gross order value of $31–$31.8 billion, topping estimates. Profit guidance lagged forecasts as DoorDash ramps spending on a multi-brand tech overhaul. Fourth-quarter orders jumped 32% to 903 million, with revenue up 38% to $4 billion. The board authorized a $5 billion share buyback, but no stock had been repurchased as of Feb. 17.