Doordash Inc Stock Price, News & Analysis

DoorDash (DASH) has announced its sixth-annual Summer of DashPass event, running from June 26th to July 30th, 2025, offering exclusive deals for DashPass members with discounts of up to 25-50% on meals, groceries, electronics, and summer essentials. The company introduced Family Sharing, allowing eligible DashPass members to extend their membership benefits to a loved one at no additional cost. The five-week event includes deals at over 120,000 small and medium-sized businesses, featuring partnerships with major brands like Chipotle, McDonald's, and Best Buy. New features include limited-time in-app deal drops, doubled Lyft benefits (10% off on-demand rides and 20% off airport rides), and social media giveaways including a chance to win a $4,000 DoorDash e-gift card. Since DashPass launched in 2018, members have saved over $10 billion globally, with average savings of approximately $5 per eligible order.

DoorDash (NASDAQ: DASH) has acquired SevenRooms, a hospitality technology company, for $1.2 billion, with PSG completing the sale of its minority stake. SevenRooms, founded in 2011, provides integrated CRM, marketing, operations, and guest experience tools for the hospitality industry. Under PSG's investment since 2020, SevenRooms expanded from 2,000 to over 13,000 venue customers. The company enhanced its capabilities through the acquisition of HeyPluto in 2024, strengthening its AI-powered messaging features. The acquisition by DoorDash positions SevenRooms for expanded scale and innovation in serving restaurant and hospitality operators.

DoorDash (DASH) announces a major expansion of its advertising platform with new AI-powered tools and the $175 million acquisition of ad tech platform Symbiosys. The company's advertising business has achieved a $1 billion annualized revenue run rate across 30+ countries in 2024, making it the fastest-growing retail media network in history. The platform currently serves over 150,000 advertisers, from local restaurants to Fortune 500 companies. The update introduces AI-powered campaign management tools, enhanced targeting capabilities, and expanded reporting features. Through the Symbiosys acquisition, DoorDash will extend its reach beyond its app to search, social, and display advertising channels with closed-loop measurement. New features include AI-driven campaign optimization, interest targeting, detailed financial reporting, and enhanced creative options like video formats and product carousels.

CaringBridge and DoorDash (DASH) have announced a two-day fundraising match campaign on June 5-6, 2025, where DoorDash will match donations up to $25,000 made on CaringBridge.org. The partnership, facilitated by InComm Payments, enables access to DoorDash gift cards through the CaringBridge Gift Card Shop and the 'Ways to Help' section on CaringBridge pages. The initiative aims to support family caregivers by providing practical assistance through the free CaringBridge platform, which allows families to share health updates and organize help during health challenges. The collaboration focuses on delivering tangible support through gift cards for groceries, meals, and essential items to caregivers supporting loved ones through health journeys.

DoorDash (DASH) has successfully closed its previously announced private offering of $2.75 billion in 0% convertible senior notes due 2030, including the full exercise of the $250 million additional notes option. The notes were sold exclusively to qualified institutional buyers under Rule 144A. The company secured net proceeds of approximately $2,720 million after fees and expenses. Of this amount, $338.5 million was allocated to fund convertible note hedge transactions, partially offset by proceeds from warrant sales. The remaining funds will be used for general corporate purposes, potentially including acquisitions and share repurchases. The offering includes a hedge overlay to mitigate potential share dilution up to a 150% premium to the stock price at issuance.

DoorDash (NASDAQ: DASH) has announced the pricing of $2.5 billion in 0% convertible senior notes due 2030, upsized from the initially planned $2.0 billion. The notes will mature on May 15, 2030, with an initial conversion rate of 3.4250 shares per $1,000 principal amount, representing a conversion price of $291.97 per share - a 42.50% premium over the last trading price. DoorDash entered into convertible note hedge and warrant transactions to minimize potential dilution, with warrant strike prices set at $512.225 (150% premium). The company expects net proceeds of approximately $2.47 billion, which will be used to fund hedge transactions and general corporate purposes, including potential acquisitions and share repurchases.

DoorDash (NASDAQ: DASH) has announced plans to offer $2.0 billion in convertible senior notes due 2030 through a private offering to qualified institutional buyers. The notes will be senior, unsecured obligations with semi-annual interest payments. Initial purchasers have an option to buy an additional $200 million in notes. The company will implement convertible note hedge and warrant transactions to minimize potential dilution. The notes will be convertible under specific conditions before November 15, 2029, and freely convertible thereafter. DoorDash can redeem the notes after May 20, 2028, subject to certain conditions, including if the stock price exceeds 130% of the conversion price. The proceeds will fund the hedge transactions and general corporate purposes, including potential acquisitions and stock repurchases.

DoorDash has launched its Preferred Integrations Partner Program, naming Otter as one of eight inaugural partners. The announcement was made at the National Restaurant Association Show in Chicago. Otter's integration with DoorDash offers restaurants enhanced operational features and secure performance, helping streamline delivery operations and boost revenue.

The partnership highlights Otter's comprehensive suite of tools, including POS integration, financial analytics, and live operations alerts. A case study of Jim's Burgers in Los Angeles demonstrated significant improvements after implementing Otter's system, including a 23% increase in order volume, 17% increase in gross sales, and 78% reduction in canceled orders. Otter has processed over a billion orders across 40+ countries and integrates with hundreds of platforms.

DoorDash (DASH) and Wing are expanding their drone delivery partnership to Charlotte, NC, marking their latest collaboration in bringing innovative delivery solutions. Starting May 14, 2025, eligible customers within four miles of The Arboretum Shopping Center can order from local restaurants and national partners like Panera Bread for drone delivery.

The service includes offerings from Curry Junction, Matcha Cafe Maiko, Joa Korean food, and a specialized DashMart featuring drinks, snacks, and medicine. To celebrate the launch, customers can order Panera's mac & cheese for $1 via drone delivery for a limited time. This expansion follows successful implementations in Australia, Southwest Virginia, and Dallas-Fort Worth, with plans for further growth later in 2025.