News about DoorDash

Uber Technologies is widening its business beyond ride-hailing into food delivery and freight, relying on acquisitions, international growth and partnerships. It agreed to buy ezCater, a U.S. catering and workplace-meals platform, in an all-cash deal valued at $2.3 billion to strengthen Uber Eats in large-order catering and Uber for Business. The deal is expected to close in the coming months, subject to regulatory approvals, and Uber expects it to be margin accretive. The move could challenge DoorDash, which expanded its own workplace catering offerings in April 2026 after large team orders grew 30% faster than regular orders. In autonomous mobility, Uber works through partners: it launched supervised rides with Wayve in London, and with WeRide and AVOMO it secured Spain's first national Level 4 permit for a Madrid rollout starting with 20 vehicles, while its Zoox alliance targets Los Angeles next year.

Over the past six months, UBER returned -1% and DASH returned 22%, as of October 12. Uber says customers who use both ride-hailing and Uber Eats grow 1.5x faster than those who use only one service, while DoorDash is expanding into grocery, retail, advertising and merchant services. In Q2 2026, DoorDash orders rose 27% to 970 million and revenue rose 36% to $4.5 billion, or 24% excluding the Deliveroo acquisition. Uber posted gross bookings above $58 billion and trailing 12-month free cash flow above $10 billion. At 15.92x forward earnings for Uber versus 38.02x for DoorDash, the article notes that Uber's trailing P/E of 15.22x is affected by a roughly $1.6 billion pre-tax revaluation gain, and says Uber has the easier valuation case, while DoorDash must still prove its newer categories can become profitable.