DoorDash ($DASH) has quietly evolved from a dominant U.S. food delivery app into a $100 billion global tech player. Over the past year, its stock has more than doubled, recently crossing $270 per share, driven by strong earnings, international acquisitions, and ambitious bets on advertising and restaurant software.
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With a two-thirds market share in U.S. restaurant delivery and a string of high-profile acquisitions in 2025, DoorDash is positioning itself as more than just a delivery company—it’s building the infrastructure for local commerce around the world.

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DoorDash’s Market Dominance and First-Ever Profit

DoorDash controls roughly 66% of the U.S. food delivery market, far ahead of competitors like Uber Eats. This lead was solidified by an early pivot to suburban delivery, a strategy that paid off during the pandemic and helped DoorDash scale faster than rivals.
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In 2024, the company hit a key milestone: its first-ever annual GAAP profit. That year, DoorDash brought in $10.7 billion in revenue and finished with positive net income for the first time. In Q1 2025, it followed up with $3.03 billion in revenue and over $190 million in net income—evidence of growing profitability alongside scale.

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Strategic Acquisitions Signal Global and Vertical Expansion

In May 2025, DoorDash announced two major acquisitions that reshaped its strategic outlook:
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• Deliveroo ($3.9 billion): The acquisition of this U.K.-based meal delivery company positions DoorDash as a top-three player in the British market and adds a presence in over 40 countries. This move follows its $8 billion acquisition of Finland-based Wolt in 2022 and gives DoorDash access to 50 million monthly users globally.
• SevenRooms ($1.2 billion): This hospitality software platform helps restaurants and hotels manage reservations and customer relationships. The deal brings new capabilities to DoorDash’s growing Commerce Platform—tools designed to help merchants grow in-store traffic and improve customer retention, not just delivery sales.

Weeks later, DoorDash added a third acquisition:

• Symbiosys ($175 million): A small but strategic ad tech startup that helps DoorDash extend advertising beyond its own platform, allowing brands to target DoorDash users across the broader web.

These moves show a clear vision: turn DoorDash from a logistics app into a global tech and services platform for restaurants and retailers.

High-Margin Growth from Advertising

DoorDash’s advertising business quietly crossed $1 billion in annualized revenue in 2024, becoming a key profit engine. Ad revenue carries significantly higher margins than delivery, and recent acquisitions like Symbiosys are designed to scale this segment quickly.

By enabling restaurants and CPG brands to reach users both inside and outside the DoorDash app, the company is building its own version of a retail media network—similar to Amazon’s and Uber’s ad ecosystems.

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Building the DoorDash Commerce Platform

Led by former Amazon executive Parisa Sadrzadeh, DoorDash is expanding its software suite to help restaurants not only fulfill delivery but also grow on-premise sales. This shift acknowledges a key reality: while delivery grew rapidly during the pandemic, in-store dining remains more profitable for most merchants.

The acquisition of SevenRooms adds reservation and CRM tools to the DoorDash Commerce Platform, allowing restaurants to manage their customer base across both digital and physical channels.

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Beyond Restaurants: Retail Delivery and Local Commerce

DoorDash is also extending its delivery operations far beyond restaurants. The company now delivers:

• Groceries
• Alcohol
• Pet supplies
• Pharmacy items
• Sporting goods

This positions DoorDash as an on-demand logistics network for nearly any local product. By embedding itself deeper into retail partnerships and offering last-mile delivery at scale, DoorDash expands its total addressable market while improving efficiency across verticals.

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DoorDash CEO Perspective: Still Room to Grow

Despite a $100 billion valuation, DoorDash CEO Tony Xu argues that the company has only scratched the surface. In an earlier earnings call, Xu noted that DoorDash still accounts for just a single-digit percentage of total U.S. restaurant industry sales—leaving ample room for organic growth. Globally, that number is even smaller.

The combination of a strong core business, global delivery ambitions, high-margin ad revenue, and a growing suite of merchant tools gives DoorDash multiple paths to grow into its valuation—and potentially beyond it.

DoorDash’s stock surge reflects more than just financial momentum—it’s a bet on a company transforming itself into the backbone of local commerce. With market leadership in delivery, its first annual profit, a booming ads business, and aggressive international expansion, DoorDash is no longer just a food delivery app. It’s evolving into a full-stack platform for restaurants and retailers across the globe.
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As these strategic bets play out, investors are clearly buying the long-term vision.

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How to Track These Catalysts

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DoorDash’s recent price surge wasn’t random—it followed real business events: record earnings, a global M&A spree, and the monetization of new high-margin services. Traders using LevelFields AI were able to detect these events early, including news of the Deliveroo and SevenRooms acquisitions and profit milestones.

With LevelFields, you can monitor key events like:
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• Billion-dollar acquisitions
• High-margin revenue growth
• Ad business milestones
• International expansion alerts
• Tech platform developments

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These are exactly the types of catalysts that have fueled DASH’s 100%+ gain in the past year—and they’re trackable in real-time.