Germany's Delivery Hero Q3 revenue rises 22%, lifts FY outlook

Overview

• Germany-based delivery platform's Q3 revenue grew 22% yr/yr to €4.35 bln

• GMV rose 13.6% yr/yr to €13.9 bln

• Company raised full-year 2026 guidance across all key metrics

Outlook

• Delivery Hero raises FY 2026 GMV growth outlook to 10-12% YoY LfL from 9-11%

• Company now expects FY 2026 revenue growth of 18-20% YoY LfL, up from 17-19%

• Delivery Hero lifts FY 2026 adj EBITDA guidance to €980-1,020 mln from €960-1,000 mln

Result Drivers

• EVERYDAY APP STRATEGY - Co said its Everyday App strategy accelerated LfL growth across GMV, revenue and orders

• QUICK COMMERCE - Co said Quick Commerce segment drove GMV growth, supported by expansion of Dmarts

• SUBSCRIPTION PROGRAMS - Co said subscriber growth and customers using multiple verticals contributed to GMV increase

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the online services peer group is "buy"

• Wall Street's median 12-month price target for Delivery Hero SE is €41.50, about 11.3% above its October 27 closing price of €37.30

Reuters Recommended Reads

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)