Yelp Teams with DoorDash to Boost Food Delivery Options: What it Means for Growth

Yelp has partnered with DoorDash to expand food delivery options for users. This agreement brings together Yelp's user reviews and DoorDash's delivery network, giving consumers a wider selection of restaurants and takeout options. Despite a lack of clear rebound, investors see opportunity in Yelp's relatively modest valuation. The most widely-followed valuation narrative puts Yelp's fair value at $34.44, about 7.6% above its latest closing price. Strong momentum in AI search API usage and data licensing revenue demonstrates Yelp's growing value as a data partner. However, persistent advertiser demand weakness or intensified competition from digital giants could undermine these forecasts and put future growth at risk.

Yelp Inc. (NYSE: YELP) and DoorDash (NASDAQ: DASH) have announced a strategic partnership that will significantly enhance food delivery options for consumers. The collaboration combines Yelp's extensive restaurant listings and user reviews with DoorDash's robust delivery network, providing users with access to over 500,000 restaurants nationwide.

This partnership, set to commence on October 1, 2025, aims to offer diners a more convenient and diverse range of takeout and delivery options. Yelp users will be able to seamlessly transition from browsing and reviewing restaurants to placing orders and tracking deliveries through DoorDash's platform. This integration leverages Yelp's trusted content and AI-powered tools, such as popular dishes, to enhance the consumer experience Yelp Names DoorDash its Preferred Partner to Expand Delivery Access Nationwide^[1].

For Yelp, this partnership represents a significant step in expanding its service offerings and increasing user engagement. By connecting its high-intent audience with DoorDash's extensive merchant network, Yelp can drive more diners to local restaurants and potentially increase its advertising revenue. Meanwhile, DoorDash, known for its best-in-class delivery network, sees this partnership as an opportunity to further its mission of empowering local economies Yelp Names DoorDash its Preferred Partner to Expand Delivery Access Nationwide^[1].

Investors have taken notice of this strategic move, with some seeing it as a potential catalyst for near-term platform engagement and revenue growth for Yelp. The most widely-followed valuation narrative puts Yelp's fair value at $34.44, a 7.6% increase above its latest closing price. This valuation is supported by strong momentum in Yelp's AI search API usage and data licensing revenue, which demonstrate the company's growing value as a data partner How DoorDash Partnership Could Shape the Future Revenue Streams for Yelp (YELP) Investors^[2].

However, the partnership also comes with risks. Persistent weakness in advertiser demand and intense competition from other digital platforms and food delivery apps could undermine these forecasts and put future growth at risk. Despite these challenges, Yelp's partnership with DoorDash presents an opportunity for investors to consider, particularly given the company's relatively modest valuation.