Mergers & Acquisitions ·
DoorDash reports Q3 net income of $466M and agrees to acquire Instacart for $17B
DASHDoorDash, Inc.
DoorDash reported third-quarter 2026 financial results showing GAAP net income attributable to common stockholders increased 91% year-over-year to $466 million, with revenue rising 34% to $4.6 billion and Adjusted EBITDA growing 41% to $1,060 million. The company also announced a definitive agreement to acquire Instacart for $65.00 per share in an all-cash or stock mix deal valued at approximately $17 billion. The transaction is expected to close in late 2027 or early 2028, subject to regulatory approvals and shareholder votes. DoorDash operates a local commerce platform connecting consumers with merchants for food delivery and grocery services.