DoorDash shares fall 13.9% in morning trading after Amazon and Uber Eats partnership
Key Facts
DoorDash shares fell about 13.9% in morning trading on November 5 to $170.91, according to Investing.com, in the session when the Amazon and Uber Eats partnership was announced. EL7 data showed the stock closed at $179.92 that day, compared with a close of $198.59 on November 4. The partnership lets Amazon Prime members order food through Uber Eats with no delivery fees on eligible orders, according to Amazon's announcement. Amazon said the service took effect immediately, the Associated Press reported. The timing of the announcement and the decline places the stock move in the context of competition in the food delivery market, without either company attributing a specific impact on DoorDash in its announcement.
The new feature links Uber Eats to Prime membership, allowing members to place orders through Amazon without needing a separate Uber account, according to the Associated Press. The service covers participating restaurants within Uber Eats' available coverage area, according to Amazon's announcement. The partnership gives Prime members the benefit of no delivery fees on eligible orders, while orders remain subject to the specified eligibility terms. Amazon said the service took effect immediately, making the offer available at launch. The initiative thus combines Prime's membership base with Uber Eats' restaurant and delivery network.
The launch offer includes a $20 discount on each of the first two eligible Uber Eats orders, provided each order is worth at least $25. The offer remains available during the first 14 days after launch, according to details reported by the Associated Press. The discount differs from the waiver of delivery fees tied to Prime membership; it is limited by the number and value of orders and a specified period. These terms give customers an initial incentive to try the service as it joins the membership benefits. The available report provided no figures on the expected number of orders or the offer's impact on the companies' revenue.
The partnership comes as Amazon ends its previous offer with Grubhub for Prime members, alongside the start of its new collaboration with Uber Eats, according to the company and the Associated Press. Amazon added Grubhub to Prime benefits in 2024, the news agency reported. The service shift changes the partner that gives Prime members access to restaurant delivery. The new announcement puts the arrangement between Amazon and Uber Eats into effect immediately, according to the Associated Press. The cited sources provided no details on when the Grubhub offer will end or its final arrangements.
The announcement comes as DoorDash's share of U.S. spending on delivery platforms stands at 59%, up from 44% five years ago, according to Consumer Edge data cited by the Associated Press. Uber Eats' share was just under 20% and remained stable over the same period, according to the same source. These figures provide context for the companies' scale in the market, while the new partnership focuses on making Uber Eats available to Prime members. In its third-quarter 2026 results, DoorDash said total orders reached 993 million, up 28% year over year. Its gross order value also rose to $33.9 billion, up 36% year over year.
DoorDash said growth in gross order value in its U.S. restaurant category accelerated slightly in the third quarter compared with the second quarter of 2026. It added that gross order value growth in its U.S. grocery and retail categories was more than twice the year-over-year growth in the restaurant category in the same quarter. These indicators place the company's performance in a context that extends beyond restaurant delivery, as its business also includes grocery and retail. In its guidance for the fourth quarter of 2026, DoorDash forecast gross order value of between $35.4 billion and $36.4 billion. It also set a range of $900 million to $1.1 billion for adjusted earnings before interest, taxes, depreciation and amortization.
At the November 5 close, Uber shares stood at $68.78 and Amazon shares at $260.21, according to EL7 data; the available figures do not include a daily comparison for either stock. DoorDash shares closed at $179.92, after closing at $198.59 in the previous session, according to EL7 data. The next quarterly guidance cited for DoorDash remains for the fourth quarter of 2026, with forecast ranges for gross order value and adjusted earnings. Amazon said the partnership itself took effect immediately, while the discount offer runs for the first 14 days. The sources provided no later date for assessing the collaboration's impact on the companies' results.