DoorDash

A deal-contingent foreign exchange forward was entered with Bank of America on May 6, 2025 related to the Deliveroo acquisition's GBP-denominated purchase price.

A deal-contingent foreign exchange forward with Bank of America, N.A. was entered May 6, 2025 related to the Deliveroo acquisition's GBP purchase price.

Acquisitions and similar strategic transactions involve numerous risks, any of which could harm our business and negatively affect our financial condition and results of operations, including:

•intense competition for suitable acquisition and strategic transaction targets, which could increase prices and adversely affect our ability to consummate deals on favorable or acceptable terms;

•transaction-related lawsuits, claims, or other liabilities;

•difficulties associated with managing a larger, more complex, combined company;

•difficulties integrating and realizing the anticipated benefits of new business models, lines of business, and adjacent technologies from acquisitions into our operations;

•difficulties integrating the technologies and operations, including compensation structures, existing contracts, and personnel, of an acquired business;

•difficulties retaining, integrating, and motivating key employees or business partners of an acquired business, and difficulties retaining or motivating our existing key employees or business partners after an acquisition;

•difficulties retaining merchants, consumers, and Dashers, as applicable, of an acquired business;

•challenges integrating internal controls, procedures, and policies and accounting, finance, and forecasting practices of acquired businesses with our own, especially in the context of international businesses;

•challenges relating to the structure of an investment, such as governance, accountability, operations, expense sharing, and decision-making conflicts, that may arise in the context of a joint venture or other majority ownership investment;

•challenges with integrating the brand identity of an acquired company with our own;

•difficulties in operating a geographically dispersed organization, including as a result of different time zones, languages, and cultural, political, and business practices;

•currency, regulatory, geopolitical, and compliance risks associated with non-U.S. jurisdictions and entry into new jurisdictions and markets;

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•diversion of financial and management resources from existing operations or alternative acquisition or investment opportunities;

•failure to realize the anticipated benefits or synergies of a transaction;

•failure to identify and/or sufficiently mitigate against the problems, liabilities, or other shortcomings or challenges of an investment or acquired business, technology, or asset, including issues related to intellectual property, regulatory compliance practices, labor, litigation, privacy, security vulnerabilities, trust and safety practices, brand management, revenue recognition or other accounting practices, or employee or user issues;

•the enactment of new laws or regulations that are adverse to an investment or acquired business, or impede our ability to achieve the expected benefits of such investments;

•regulatory challenges from antitrust or other regulatory authorities that may block, delay, or impose conditions on the completion of a transaction or the integration of an acquired business;

•additional stock-based compensation issued or assumed in connection with an acquisition or strategic transaction, which may in turn impact our stock price and results of operations;

•as a result of an acquisition, third parties we work with or the acquired business works with may delay or defer certain business decisions, seek to terminate, change, or renegotiate their relationships with us or the acquired business, or consider working with a competitor instead; and

•adverse market reaction to an acquisition.

Adjusted EBITDA is defined from net income (loss) attributable to DoorDash, Inc. common stockholders, adjusted for redeemable non-controlling interests and eleven listed exclusions.

Analyst estimates are their own opinions and often differ from company estimates or expectations.