Doordash announced a $1.2 billion acquisition of SevenRooms and reported first-quarter revenue that fell short of expectations, according to CNBC. The company beat earnings expectations with 44 cents per share but missed revenue estimates, reporting $3.03 billion versus the expected $3.09 billion. Doordash announced it will acquire SevenRooms in an all-cash deal expected to close in the second half of 2025. The company also agreed to acquire Deliveroo for $3.9 billion, stating both deals will strengthen its local commerce services and financial growth. The company projected second-quarter adjusted EBITDA of $600 million to $650 million, roughly in line with the $639 million expected by analysts.Shares fell 5% following the news.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02DoorDash announced a $1.2 billion acquisition of seven rooms and reported first quarter revenue
00:07that fell short of expectations, according to CNBC. The company beat earnings expectations
00:11with 44 cents per share, but missed revenue estimates, reporting $3.03 billion versus
00:16the expected $3.09 billion. DoorDash announced it will acquire seven rooms in an all-cash deal
00:21expected to close in the second half of 2025. The company also agreed to acquire Deliveroo
00:26for $3.9 billion, stating both deals will strengthen its local commerce services and
00:31financial growth. The company rejected second quarter adjusted EBITDA of $600 million to $650
00:36million, roughly in line with the $630 million expected by analysts. Shares fell 5% following
00:41the news. For all things money, visit Benzinga.com slash GSTV.