Stock market today: Dow, S&P 500, Nasdaq turn lower with oil prices, Walmart, rate-cut bets in focus

DoorDash (DASH) reported fourth quarter results that slightly missed Wall Street’s expectations on the top and bottom lines, while total orders rose more than forecast.

Earnings per share came in at $0.48, compared with the $0.55 the Street had forecast. But adjusted EBITDA reached $780 million in the quarter — up 38% compared to a year ago and almost $5 million above the Street’s estimates.

Meanwhile, revenue grew 28% year over year to $3.96 billion, a tick lower than the nearly $4 billion Wall Street predicted. Total orders, which means all orders through its marketplaces and commerce platform, also jumped 32% to 903 million in the quarter. That’s more than the 888 million analysts had anticipated.

Its stock rose as much as 13% during premarket hours on Thursday.

Marketplace GOV — the total dollar value of transactions completed through the marketplace, including taxes, tips, and fees related to DashPass and its international platform Wolt+, clocked in at $29.7 billion compared to the expected $29.1 billion.

That was driven higher by growth in new customers and order rates among existing customers in the US restaurant category.

For the first quarter of 2026, the company expects marketplace GOV to be in the range of $31.0 billion to $31.8 billion, above the Street’s forecast of $30.75 billion.

Adjusted EBITDA is expected to be in the range of $675 million to $775 million, which is below what the Street predicted of $800 million.