DoorDash reports Q3 growth and agrees to acquire Instacart for $17 billion
Filed with the SEC on · Summarized by InvestorsBot
DoorDash reported third-quarter 2026 revenue of $4.6 billion, up 34% year over year, with GAAP net income of $466 million, adjusted EBITDA of $1.06 billion, 993 million orders and $33.9 billion in Marketplace GOV for the quarter ended September 30. On October 29, DoorDash and Instacart announced a definitive agreement valued at about $17 billion, or $65 per Instacart share, payable at least 75% in cash and up to 25% in DoorDash stock; the deal is expected to close in late 2027 or the first half of 2028, subject to shareholder and regulatory approvals. DoorDash expects fourth-quarter Marketplace GOV of $35.4 billion to $36.4 billion and adjusted EBITDA of $900 million to $1.1 billion, and says the transaction could generate at least $500 million in annual synergies after investments.