"DoorDash plans to spend $100 million on gas benefits for its delivery drivers in the first half of 2026, with $50 million allocated in the first quarter and another $50 million expected in the second quarter."
"The company started offering relief payments of up to $15 a week toward gas, depending on how far drivers traveled on deliveries, but these payments ended in April."
"DoorDash also stated that drivers using the company's Crimson debit card for gas purchases could receive 10% back, with the cashback benefit continuing until June 30."
"Despite the growing costs, DoorDash's first-quarter earnings per share and second-quarter outlook exceeded analysts' expectations, resulting in a 12% increase in stock prices during after-hours trading."
DoorDash will allocate $100 million for gas benefits for delivery drivers in 2026, with $50 million spent in each of the first two quarters. The company introduced relief payments of up to $15 weekly for gas, which ended in April, but cashback on gas purchases will continue until June 30. CFO Ravi Inukonda indicated that extending the program may require offsetting costs by delaying other investments. Despite rising costs, DoorDash's earnings exceeded expectations, boosting stock prices significantly.
Read at www.businessinsider.com
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