TLDR DoorDash stock jumps 6.50% as Q3 revenue hits $4.6 billion and net income nears double. DoorDash reports 34% revenue growth as net income surges 91% to $466 million in Q3. DoorDash’s $17 billion Instacart deal targets grocery growth and $500 million in synergies. DoorDash delivers 993 million orders as Marketplace GOV climbs 36% year over year. DoorDash forecasts up to $36.4 billion in Q4 Marketplace GOV as expansion continues.DoorDash (DASH) shares climbed 6.50% to $180.51, gaining $11.02 as the company reported strong third-quarter financial results. Revenue reached $4.6 billion, while net income attributable to common stockholders nearly doubled year over year. Additionally, DoorDash announced a $17 billion agreement to acquire Instacart, expanding its grocery delivery operations and long-term growth strategy.DoorDash, Inc., DASHDoorDash Stock Rises as Q3 Revenue and Profit IncreaseDoorDash reported revenue of $4.616 billion for the quarter ended September 30, 2026, marking a 34% year-over-year increase. Meanwhile, net income attributable to common stockholders rose 91% to $466 million, compared with $244 million during the same period last year. These results reflected higher order volumes, increased marketplace activity, and continued expansion across its delivery businesses.Total orders increased 28% year over year to 993 million, while Marketplace Gross Order Value (GOV) climbed 36% to $33.9 billion. However, excluding the contribution from Deliveroo, order growth reached 17%, while Marketplace GOV increased 23%. Revenue growth also reached 23% without Deliveroo, highlighting continued expansion across DoorDash’s existing operations.Adjusted EBITDA increased 41% to $1.06 billion, compared with $754 million in the third quarter of 2025. Operating cash flow reached $994 million, while free cash flow increased 9% year over year to $787 million. These figures indicate stronger profitability alongside continued investment in technology, merchant services, and delivery infrastructure.DoorDash Expands Grocery Strategy Through $17 Billion Instacart DealDoorDash announced a definitive agreement to acquire Instacart for $65 per share, representing an equity value of approximately $17 billion. The proposed price offers a 26% premium to Instacart’s October 22 closing price, before reports of a potential transaction emerged. Under the agreement, Instacart shareholders can elect cash, DoorDash shares, or a combination of both, subject to allocation limits.DoorDash expects to finance the cash portion through existing cash reserves and debt financing, supported by a committed bridge loan facility. The transaction requires shareholder approval, regulatory clearances, and other customary closing conditions before completion. The companies expect to close the acquisition in late 2027 or during the first half of 2028.The acquisition aims to strengthen grocery delivery through greater network density, improved logistics, and lower fulfillment costs. DoorDash also expects the combined businesses to generate at least $500 million in annual net synergies over several years. Nevertheless, the company plans to reinvest heavily during the first year after closing before targeting positive net synergies from the second year onward.DoorDash Provides Q4 Outlook as Expansion ContinuesDoorDash expects Marketplace GOV to reach between $35.4 billion and $36.4 billion in the fourth quarter of 2026. The company projects adjusted EBITDA between $900 million and $1.1 billion during the same period. These targets reflect continued demand across restaurant, grocery, and retail delivery services, alongside ongoing investment in new markets.The company continues expanding DashPass memberships, merchant partnerships, restaurant reservations, and international operations to support customer growth. DoorDash is developing artificial intelligence tools and autonomous delivery capabilities to improve ordering and fulfillment. Its strategy also prioritizes logistics infrastructure and merchant services as competition across local commerce continues to evolve.DoorDash had repurchased 6.8 million shares for approximately $1 billion under its existing buyback authorization through October 28, 2026. Consequently, about $4 billion remained available under the company’s $5 billion repurchase program. Strong quarterly revenue and profit growth, combined with the proposed Instacart acquisition, place DoorDash’s expansion strategy at the center of its latest financial update. The post DoorDash (DASH) Stock: Climbs as Q3 Revenue Hits $4.6 Billion and Net Income Doubles appeared first on Blockonomi.