As doordash On Thursday, it was clear that the 12-year-old company occupied Uber Eats and the U.S. restaurant delivery war Grubowns about two-thirds of the market, partly because of its prescient move to suburbs, which were locked in by Covid.
This market lead alone encourages investors to raise their share price to above $250 per share, while as of Tuesday, the market cap was $100.8 billion north of the market capitalization. Doordash stock has more than doubled over the past year.
And considering Doordash earns its first-ever annual profit in 2024, the San Francisco-based company is Founder Tony Xu In the US delivery business, there seems to be a capacity to continue to flourish.
But if you look at Doordash’s investment and merger activities this year, you’ll see signs of a company that quietly offers a bigger ambition for restaurants in the United States, and if it’s successful restaurant delivery, it’s one day well known, and it’s well known at the heart of restaurants and other local retailers.
In May, the company announced a double whammy of two proposed acquisitions: one, a nearly $4 billion deal for Deliveroo, which would give DoorDash a Top 3 meal delivery business in the UK, and a combined presence in more than 40 countries – with the intent of turning DoorDash’s core restaurant delivery operation into a truly global one (DoorDash previously acquired Finland-based Wolt in 2022 for around $8 billion in an all-stock deal.)
Another acquisition is a $1.2 billion deal for hotel software company Seven Rooms, which aims to help restaurants, hotels and other hotel businesses manage bookings, bookings and their customer relationships. The decision to buy seven rooms is led by Parisa Sadrzadeh, who is the rising star Amazon The task when hiring at Doordash last year was to expand the company’s suite of software tools, called Doordash Commerce Platform, which help brick-and-mortar restaurants and retailers grow and manage their businesses in a physical location, besides any delivery business.
“While Doordash solved a huge problem for businessmen during the pandemic…introducing delivery capabilities to many people who have never considered doing so,” he said. Square tells wealth in May“(Other) challenge is ultimately how you can increase my actual number in the physical store because these are my most profitable consumers.”
Weeks after the announcement of the pair’s acquisition in May, Doordash continues to announce a purchase craze $175 million acquisition Symbiosys, an ad-tech startup designed to help brands and retailers advertise on Doordash apps, can also attract Doordash customers on other platforms around the web. Doordash said its advertising business exceeded $1 billion in annual revenue in 2024. The online advertising business is increasingly becoming a key profit engine for online retailers and markets. Although Doordash has not broken financial results for its advertising business, analysts estimate its profit margins are much larger than its core delivery business.
In the background, Doordash also continues to actively pursue other types of consumer spending, signing delivery partnerships with retailers and small retailers’ grocery stores, pharmacies, pets, sporting goods and alcohol categories.
To sum it up, Doordash is developing an ambitious vision – it will take some time to tell if it is too ambitious, distracted, or as prescient as the actions of suburban delivery – to become a more comprehensive technical player in restaurants and other brick-and-mortar retailers around the world. At the same time, even with a market capitalization of more than $100 billion, the company still has huge growth in its core restaurant delivery business in the global market.
“If you accept our oldest Explore District, American Restaurants…we are still the percentage of unit sales in the U.S. restaurant industry,” CEO Xu said on the revenue call Earlier this year. “If you look at it globally, that number will be smaller.”
