DoorDash reports Q3 growth and agrees to acquire Instacart for $17 billion

DoorDash’s third-quarter 2026 revenue rose 34% year over year to $4.6 billion, while GAAP net income increased 91% to $466 million and Adjusted EBITDA rose 41% to $1.06 billion; it forecast fourth-quarter Marketplace GOV of $35.4 billion to $36.4 billion and Adjusted EBITDA of $900 million to $1.1 billion. The company also agreed to acquire Instacart for $65 per share, or approximately $17 billion, funded with at least 75% cash and up to 25% DoorDash stock, with closing expected by the end of 2027 or the first half of 2028 subject to stockholder and regulatory approvals.