Delivery Hero Q3 earnings call highlights. October 28, 2026 Key points. * Delivery Hero reported record quarterly performance: Q3 GMV rose 14% year over year to €13.9 billion, revenue increased 22% to €4.3 billion, and orders surpassed 1 billion for the first time. Quick commerce and advertising were key growth drivers, with quick-commerce GMV up 39%. * The company raised its 2026 outlook: It now expects like-for-like GMV growth of 10%-12%, revenue growth of 18%-20%, adjusted EBITDA of €980 million-€1.02 billion, and free cash flow above €300 million. * Strategic developments remain in focus: The planned sale of Taiwan operations to Grab was terminated after regulatory approval failed, while Uber's takeover offer remains under review with closing still expected in the second half of 2027. * Interested in Delivery Hero? Here are five stocks we like better. Delivery Hero ETR: DHER reported accelerating growth in its third-quarter 2026 trading update, with the food delivery company surpassing 1 billion orders in a quarter for the first time and raising its full-year outlook for growth, adjusted EBITDA and free cash flow. Chief Executive Officer Niklas Östberg described the period as an "exceptionally strong quarter," saying the company's growth rate had accelerated for a fourth consecutive quarter. Gross merchandise value, or GMV, increased 14% year over year on a like-for-like basis to €13.9 billion, while revenue rose 22% on the same basis to €4.3 billion. In reported currency terms, GMV also increased 14%, while revenue grew 23%, according to Chief Financial Officer Marie-Anne Popp. The company said currency was no longer a drag on group-level GMV growth. Quick commerce and advertising drive revenue growth. Delivery Hero said revenue continued to outpace GMV due to growth in quick commerce and advertising technology revenue. Quick commerce GMV grew 39% on a like-for-like basis during the quarter, while revenue from Integrated Verticals, primarily the company's Dmart stores, increased 43% to €1.2 billion. Popp said quick-commerce adoption was strong in South Korea through subscriber offers, while the company also added capacity in the Middle East and North Africa and maintained momentum in Latin America. She added that same-store sales remained the largest growth driver as Delivery Hero expanded its store network. The company's platform business, which includes GMV transacted through its apps and websites, recorded 14% GMV growth to €13.9 billion and 17% revenue growth to €3.3 billion. Östberg attributed the results to Delivery Hero's "Everyday App" strategy, which emphasizes broader selection, improved customer value and faster service. The company said its subscription programs, which offer lower delivery fees and exclusive deals, now account for more than half of GMV. He also said the company is using artificial intelligence to speed product development, including through an in-house autonomous coding agent called HeroGen. Delivery Hero added that it had generated nearly €1 billion in incremental quarterly revenue over the past year without increasing marketing spending. Full-Year guidance raised again. Following the third-quarter performance, Delivery Hero increased its 2026 guidance: * Like-for-like GMV growth is expected to be 10% to 12%, up from prior guidance of 9% to 11%. * Like-for-like revenue growth is projected at 18% to 20%, up from 17% to 19% previously. * Adjusted EBITDA is expected to reach €980 million to €1.02 billion, compared with earlier guidance of €960 million to €1 billion. * Free cash flow before extraordinary items is now expected to exceed €300 million, up from more than €250 million. Popp said the higher free-cash-flow outlook reflected better working-capital performance supported by stronger GMV growth. The company plans to provide guidance for 2027 when it reports full-year 2026 results. Discover more Stock Market News Stock Market Holidays Track Stock Market Östberg said improving customer acquisition costs and customer lifetime value could allow Delivery Hero to increase marketing investment modestly next year where returns justify it. He said the company would continue investing in customer experience and quick commerce while maintaining financial discipline. Taiwan sale terminated; Uber offer remains under review. Delivery Hero also said the sale of its Taiwan business to Grab had been terminated after the local regulatory authority did not approve the transaction. Östberg said Delivery Hero will receive an agreed break fee from Grab, though he declined to disclose its amount because it is subject to a nondisclosure agreement. He said Grab, rather than Delivery Hero, had decided not to appeal the ruling. Delivery Hero will evaluate the implications for its Taiwan operations but has no current plans to announce, Östberg said. Meanwhile, Delivery Hero remains in the acceptance period for Uber's takeover offer, which ends Nov. 5 at midnight Central European Time. An additional acceptance period is expected to run from Nov. 11 through Nov. 24. The company said regulatory reviews remain ongoing and that it still expects the transaction to close in the second half of 2027. Östberg said the Taiwan decision had not changed the company's view of the Uber transaction's regulatory path. He said Delivery Hero had not heard negative feedback regarding antitrust reviews, while noting that Uber and its advisers are handling the regulatory filings. Europe and South Korea updates. During the question-and-answer session, Östberg said growth in some European markets has been constrained by changes to rider employment models and related regulation. Moving from freelance riders to employed riders can raise costs for consumers and worsen the customer experience, he said. Delivery Hero expects the implementation of the relevant Platform Work Directive requirements to be largely completed by year-end. In South Korea, Östberg characterized the company's growth as stable and healthy, though in the single digits due to the maturity and scale of the market. He said Delivery Hero sees further opportunities in the country and intends to invest to maintain customer experience. On litigation, Östberg said the company's case in Spain is likely to continue toward the Supreme Court, while discussions with an appointee in Italy have been constructive and have led to certain requested operational improvements. About Delivery Hero (ETR:DHER). Delivery Hero SE offers online food ordering and delivery services. It operates approximately in 70 countries in Asia, the Middle East, Africa, Europe, and Latin America. The company was founded in 2011 and is headquartered in Berlin, Germany. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Delivery Hero, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Delivery Hero wasn't on the list. While Delivery Hero currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. AI spending is reshaping the market, and the opportunity extends far beyond the biggest chipmakers. 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Delivery Hero marks 15 years of local delivery services and expanding everyday convenience. Founded in Berlin in 2011, the company now handles an average of 8,000 orders per minute and commemorates its journey with a new film. Delivery Hero is celebrating its fifteenth anniversary in 2026, reflecting on its beginnings as a small Berlin food-ordering operation and its expansion into groceries, medicine, gifts and everyday meals. The company says an average of 8,000 orders now pass through its platform each minute. A new anniversary film highlights the people and experiences behind its development, alongside a retrospective on the company's website. (PRESS RELEASE) BERLIN, Germany, 21-Oct-2026 - /EuropaWire/ - Delivery Hero is marking 15 years since a small team in Berlin began working to simplify food ordering. Its first order set off a beep and produced a printed receipt, a moment that came to be celebrated as daily orders passed ten, 100 and eventually 1,000. Today, an average of 8,000 orders are processed through the company's platform every minute, covering not only meals but also groceries, medicine, last-minute gifts and other everyday essentials. The company attributes its place in customers' daily routines to the people supporting its services worldwide, including engineers developing the technology, riders making deliveries, and restaurants and retailers serving their local communities. During Delivery Hero's early years in Berlin, office employees sometimes cycled out to complete late-night deliveries when no riders were available, helping ensure that the final customers received their meals before closing. The company's evolution over these 15 years has been shaped by ongoing learning and the many people involved in its services. Delivery Hero recounts that journey in a retrospective on earning a place in everyday life. To celebrate its fifteenth anniversary in 2026, Delivery Hero has released a new film highlighting the milestones and experiences that have helped shape the company. About Delivery Hero. Delivery Hero is the world's leading local delivery platform, operating its service in around 65 countries across Asia, Europe, Latin America, the Middle East and Africa. The Company started as a food delivery service in 2011 and today runs its own delivery platform on four continents. Additionally, Delivery Hero is pioneering quick commerce, the next generation of e-commerce, aiming to bring groceries and household goods to customers in under one hour and often in 20 to 30 minutes. Headquartered in Berlin, Germany, Delivery Hero has been listed on the Frankfurt Stock Exchange since 2017 and is part of the MDAX stock market index. For more information, please visit http://www.deliveryhero.com/ Media contact. Investor relations contact. Disclaimer. This release may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of Delivery Hero SE ("forward-looking statements"). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes," "estimates," "anticipates," "expects," "intends," "may," "will" or "should" or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current views, expectations and assumptions of the management of Delivery Hero SE and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any forward-looking statements included herein only speak as at the date of this release. We undertake no obligation, and do not expect to publicly update, or publicly revise, any of the information, forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. We accept no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions. EDITOR'S PICK:

Move and win roundup: week of October 12, 2026. All the latest account wins and people moves at HSBC Singapore, BBDO Guerrero, Ikea, WPP Media, RBC BlueBay, Delivery Hero and more. | Campaign compiles a new 'Move and win roundup' as each week progresses. This edition will cover October 12 through October 16, 2026. Catch up on past people moves and business wins. | Singapore Management University (SMU) has appointed Brainlabs APAC as its media agency following a tender. The agency will support the university's brand campaigns and student recruitment activity in Singapore and international markets. The appointment includes media planning, buying, optimisation and measurement. Brainlabs will manage these functions, alongside reporting, across SMU's schools, programmes, channels and markets. HSBC Singapore has hired Henry Tong as head of customer, international and marketing. With over 35 years of experience in Tong wealth management, international banking, sales leadership and business development, he joins from Citi, where he was managing director and head of wealth continuum for Asia South Wealth. In his new role, he will oversee customer propositions, customer experience, and brand and marketing. His remit covers the bank's International Wealth and Premier Banking business in Singapore. Ikea Philippines has appointed BBDO Guerrero as its agency of record. The partnership launched with a new brand proposition, 'One Piece at a Time', which aims to make home improvement feel more accessible to Filipino households. BBDO Guerrero's CEO, Francine Kahn-Gonzalez, said will help shape the next phase of IKEA's growth in the market. She described IKEA as a globally admired brand with a strong point of view on creativity, accessibility and everyday living. She added that the agency wants to build bold ideas that strengthen IKEA's relationship with Filipinos. In 2023, Ogilvy Philippines was named Ikea Philippines' creative agency partner. Christopher Paul has been named senior vice president, client services at WPP Media, managing client relationships, business growth and strategy across automotive, FMCG, technology and services. He will lead the agency's Tamil Nadu business from Chennai. Earlier in his career, Paul spent about six years at OMD India, and was business director from 2010 and became general manager in 2014. He announced the role on LinkedIn. RBC BlueBay has appointed Hayley Lai as director of marketing, Asia-Pacific, a newly created position based in Hong Kong. She will oversee marketing for RBC's asset management business across APAC, supporting its expansion in the region. She will report to Jayne Fieldhouse, managing director and head of global institutional marketing. She brings more than 13 years of asset management marketing and communications experience. Most recently, she worked at PineBridge Investments in Hong Kong, leading integrated marketing programmes across key APAC markets. Shu Yau Cheng has joined Delivery Hero as director, creative. He will lead creative across the group's Foodpanda, Foodora and Yemeksepeti brands. Cheng comes from Lazada, where he spent more than five years. He joined in May 2021 as VP and regional creative lead. In 2024, he became VP and regional head of creative, a role he held until 2026. Before Lazada, he spent nearly six years at Iris in Singapore. He joined as a creative group head in 2015, became deputy creative director in 2017 and creative director in 2020. He started his career at DDB Group Singapore, where he worked from 2011 to 2015. He was a senior art director first, then a creative group head from 2013. He announced the role on LinkedIn.