Doordash proclaims $1.2 billion SevenRooms deal, misses earnings expectancies

Doordash on Tuesday introduced the $1.2 billion acquisition of eating place reserving platform SevenRooms and reported first-quarter earnings that ignored expectancies.

Shares fell about 4% following the scoop.

Here’s how the corporate did, in line with LSEG expectancies:

• Earnings in keeping with percentage: 44 cents adjusted vs. 39 cents anticipated
• Revenue: $3.03 billion vs. $3.09 billion anticipated

Doordash stated the all-cash acquisition of SevenRooms, a New York City-based knowledge platform for eating places and accommodations to control reserving data, will shut in the second one part of 2025.

British meals supply provider Deliveroo stated Tuesday that they’ve agreed to a takeover be offering from American rival Doordash value $3.9 billion.

“We believe both SevenRooms and Deliveroo will expand our ability to build world class services that increase our potential to grow local commerce and support our financial goals,” Doordash stated in a unlock.

Doordash reported general orders of 732 million for the quarter, an 18% building up over the similar length a 12 months in the past. Analysts polled through StreetAccount anticipated 732.7 million.

The corporate stated it expects second-quarter adjusted EBITDA of $600 million to $650 million. Analysts polled through StreetAccount anticipated $639 million.

“So far in 2025, consumer demand on our marketplaces has remained strong, with engagement across different consumer cohorts and types that we believe is consistent with typical seasonal patterns,” the corporate stated.

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