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Doordash announces $1.2 billion SevenRooms deal, misses revenue expectations

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A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020.

Carlo Allegri | Reuters

Doordash on Tuesday announced the $1.2 billion acquisition of restaurant booking platform SevenRooms and reported first-quarter revenue that missed expectations.

Here’s how the company did, based on LSEG expectations:

Earnings per share: 44 cents adjusted vs. 39 cents expected
Revenue: $3.03 billion vs. $3.09 billion expected

Doordash said the all-cash acquisition of SevenRooms, a New York City-based data platform for restaurants and hotels to manage booking information, will close in the second half of 2025.

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