Delivery Platform Market Cap Rises by 20 Trillion Won in a Day... What Happened to DoorDash?

On the 6th, DoorDash Inc. (NASDAQ: DASH) shares surged 16.17% on the Nasdaq, closing at $193. Trading volume climbed to 5.94 million shares, and its market capitalization rose to about $79.1 billion (roughly KRW 110 trillion), gaining over $15 billion (nearly KRW 20 trillion) in a single day.

In its first-quarter results released that day, DoorDash reported revenue of $4.0 billion and net income of $184 million—about KRW 5 trillion and KRW 260 billion, respectively. For the second quarter, the company guided to total orders of $32.4 billion to $33.4 billion and adjusted EBITDA of $770 million to $870 million, underscoring confidence in continued growth. To offset high fuel costs, DoorDash plans to spend $50 million (over KRW 70 billion) this quarter reimbursing delivery partners’ fuel expenses, funded by adjustments to other investments.

Separately, two days earlier DoorDash unveiled AI-powered merchant tools designed to speed up restaurant onboarding, menu management and proprietary order-channel expansion, further strengthening its merchant platform.

Founded in San Francisco in 2013, DoorDash now operates across the U.S., Canada, Australia and New Zealand and went public on Nasdaq in 2020. It has recently expanded overseas by acquiring Europe’s Deliveroo and Finland-based Wolt, positioning itself as a “local commerce operating system” and competing globally with rivals such as Uber Eats.