If you're too often tempted to order late-night food to your door, you know how quickly DoorDash fees can add up. That's why a subscription like DashPass, which removes your DoorDash delivery fee and lowers service fees, can be a solid way to save some money. Also: Sign up for Walmart+ and get a free subscription to Paramount+ or Peacock - here's how DashPass costs $9.99 per month or $96 per year,
Revenue climbed 27% year-over-year to $3.45B, clearing the $3.36B consensus estimate by roughly $90M. That growth rate outpaced rival Uber's 18% quarterly expansion, signaling stronger order momentum in the core delivery business. The problem? Earnings per share came in at $0.55, missing the $0.68 estimate by 19%. GAAP net income of $244M also declined sequentially from $285M in Q2, a red flag that profitability may be plateauing after months of steady improvement.
"Most Dashers follow the rules of the road and do the right thing. However, we recognize community concerns about safe riding. In a city as dense and dynamic as New York, setting a lower speed limit for e-bikes is a smart and sensible step. That's why we are supportive of the city's new policy of a 15 mph speed limit for e-bikes," reads the company's blog post.
Earlier this week, DoorDash unveiled its own new autonomous robot called Dot. The company says it's part of its goal to have a "hybrid" model for deliveries going forward. It's the latest sign of a renewed interest in the industry of delivery robots after years of challenges. WIRED's Aarian Marshall joins us to discuss why this matters for all of us, whether we're ordering in or not.
The tech company leased a warehouse in the Mission District last month that will serve as a research and development space to advance its autonomous delivery technology, a June letter sent to San Francisco Zoning Administrator Corey Teague shows. "This project reflects a broader commitment to reinvesting in San Francisco's innovation economy and creating pathways for local employment in emerging technologies," the letter said. The 34,325-square-foot building at 1960 Folsom St. is roughly two miles away from DoorDash's headquarters. About 200 people are expected to be employed at the site.
DoorDash has effectively dominated the restaurant delivery market in the U.S. with a two-thirds share, significantly boosted by its strategic suburban expansion during the Covid-19 pandemic.
The acquisition of Symbiosys will significantly enhance DoorDash's advertising capabilities, particularly allowing its advertisers to reach audiences through off-site channels like Google and Instagram.