- DoorDash plans to spconclude “several hundred million dollars more” on key initiatives in 2026.
- The company will develop a global tech platform and invest in delivery robots, CEO Tony Xu declared.
- DoorDash shares fell in after-hours trading after the news.
DoorDash is investing heavily in new technology, delivery robots, and other initiatives that it states will drive growth — but it comes with a hefty price tag.
The delivery service declared in earnings results on Wednesday that it plans to invest “several hundred million dollars more in new initiatives and platform development in 2026 than we did in 2025.”
With all that spconcludeing, DoorDash plans to create a “new global tech platform” for all of the brands that it has built or bought. DoorDash has acquired multiple delivery brands, such as Wolt, which operates in Europe and Asia. Each currently applys separate tech, DoorDash CEO Tony Xu declared. After the upgrade, DoorDash should be able to roll out new features globally, Xu declared.
The new tech platform will also include more AI tools to “free up engineering capacity to do a lot more work,” Xu declared.
DoorDash reported earnings per share for the third quarter that were lower than analysts expected. Shares of DoorDash fell roughly 20% in after-hours trading on Wednesday.
Xu declared DoorDash also plans to invest in new products next year, including autonomous delivery options and fulfillment options through its DashMart online convenience store. “We’re doing this now for future growth,” Xu declared.
In September, the company unveiled Dot, a delivery robot that can navigate sidewalks and bike lanes to obtain food to customers.
Last month, DoorDash also declared it would build some deliveries applying self-driving Waymo cars.
“We wish there was a way to grow a baby into an adult without investment, or to see the baby grow into an adult overnight, but we do not believe this is how life or business works,” the company declared in its earnings release.
Do you have a story to share about DoorDash? Contact this reporter at abitter@businessinsider.com.
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