Germany · Delayed Price · Currency is EUR Delivery Hero SE Earnings Call Transcripts
Fiscal Year 2026
-
Q1 2026 saw accelerating growth, with GMV up 8.8% and revenue up 18% year-over-year, driven by quick commerce and strong performance in MENA and Asia. Adjusted EBITDA is expected at the upper end of guidance, and the strategic review—including the Taiwan sale—remains a top priority.
-
Divestment of Taiwan operations to Grab for $600 million will reduce net leverage and have a marginal EBITDA impact, with transitional support provided for up to 12 months. The deal reflects strong market positioning and is part of a broader strategic review.
Fiscal Year 2025
-
Delivered strong 2025 results with 9% GMV and 23% revenue growth, 30% higher adjusted EBITDA, and positive Free Cash Flow. Quick Commerce GMV grew over 30%, and strategic asset sales and refinancing strengthened liquidity. 2026 guidance targets continued growth and margin expansion.
-
Q4 2025 saw strong revenue and EBITDA growth, record gross profit margin, and robust free cash flow, driven by Quick Commerce, AdTech, and integrated verticals. 2026 guidance anticipates moderate EBITDA growth and continued investments, with free cash flow expected above EUR 200 million.
-
Q3 2025 saw strong revenue and order growth, margin expansion, and robust cash generation, with standout performance in Korea, Saudi Arabia, and integrated verticals. Guidance for 2025 is reaffirmed, with continued investment and moderate bottom-line growth expected in 2026 despite competitive pressures.
-
Q2 2025 saw double-digit GMV and revenue growth, margin expansion, and near break-even free cash flow, despite FX headwinds and legal payments. Guidance was raised for revenue but lowered for EBITDA due to currency impacts, with strong segment performance across all regions.
-
A leading global delivery platform reported strong 2024 results, achieving positive free cash flow and significant EBITDA growth. Key markets include South Korea and MENA, with AdTech and quick commerce as growth drivers. Investor focus remains on market share in Korea and regulatory developments in Spain.
Fiscal Year 2024
-
Q1 2025 saw strong growth with GMV up 8% (9% like-for-like) and revenue up 22%, driven by robust performance in MENA, Americas, and Europe. Adjusted EBITDA and free cash flow improved, with 2025 guidance reaffirmed for continued growth and profitability.
-
Q4 2024 saw 8% GMV growth and 23% revenue growth, with all segments improving profitability and free cash flow reaching EUR 100 million. Net debt dropped to EUR 1.9 billion, and 2025 guidance targets higher GMV, revenue, and EBITDA, with continued focus on organic growth and margin expansion.
-
Q3 2024 saw accelerated GMV and revenue growth, with strong profitability improvements in Europe, Americas, and integrated verticals. Full-year guidance was raised for free cash flow, while adjusted EBITDA is expected at the lower end due to reinvestment in Korea.
-
Market leader in MENA food and grocery delivery, achieving 51% CAGR and $6.1B GMV in 2023, with strong profitability and cash flow. Significant growth headroom exists via user penetration, multi-vertical expansion, and high-margin AdTech, supported by robust tech and ESG initiatives.
-
Q2 2024 saw robust growth with 7% GMV and 20% revenue increases year-over-year, significant EBITDA improvement, and positive cash flow. All major segments delivered double-digit growth, and the company is preparing for a Talabat IPO in Q4.