United Arab Emirates · Delayed Price · Currency is AED Talabat Holding Earnings Call Transcripts
Fiscal Year 2025
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Q4 2025 saw 21% GMV and 26% revenue growth, with strong performance in grocery and subscription. 2026 guidance anticipates 11%-14% GMV growth, significant investments in infrastructure, and continued focus on high-value customers amid competitive and regulatory challenges.
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Q3 delivered strong growth with GMV up 27% and revenue up 32% year-over-year, driven by higher MAUs, increased order frequency, and expansion in multi-vertical and subscription offerings. Profitability remained robust, and full-year guidance and dividend policy were reiterated despite new competition and regulatory changes.
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Q2 2025 saw robust growth with GMV up 33% and revenue up 36% year-over-year, driven by user expansion, multi-vertical adoption, and operational efficiency. Guidance was raised, but margin outlook reflects increased investment and new competition.
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Q1 2025 saw 33% GMV and 38% revenue growth year-over-year, with margin expansion and strong cash flow. Instashop acquisition boosted the grocery segment, and guidance may be raised if trends persist. Dividend plans and competitive positioning remain robust.
Fiscal Year 2024
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Delivered strong double-digit growth in GMV, revenue, and profitability for 2024, exceeding guidance and consensus. Grocery and retail segments accelerated, and a new personalized app and loyalty program drove customer engagement. Dividend payout increased, with robust 2025 guidance reiterated.
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Strong leadership in MENA, multi-vertical expansion, and tech-driven operations underpin rapid growth and profitability. Financial guidance targets double-digit GMV and revenue growth, margin expansion, and high cash conversion, with retail media and loyalty products as key future drivers.