Delivery Hero keeps CEO. Delivery Hero stock trades 8.55 percent below EUR 41.50 offer

Published on 10/20/2026 at 10:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 13.00 percent to EUR 7.75 billion in first half of 2026. Delivery Hero stock costs EUR 37.95 on October 20, 2026 versus EUR 37.93 Xetra close.

Takeover timetable and operating scale

CEO Niklas Oestberg will continue beyond March 31, 2027, according to a September 24, 2026 company update.
Revenue rose 13.00 percent to EUR 7.75 billion in the first half of 2026.
Delivery Hero stock trades at EUR 37.95 at 10:30 a.m. CEST at Lang & Schwarz on October 20, 2026, 0.05 percent above the Xetra close of October 19, 2026.

Bauhaus-Poster mit geometrischem Lieferscooter, FOOD-TECH Schriftzug und DAX-Kürzel — Delivery Hero SE im Bauhaus-Stil, FOOD-TECH und DAX symbolisieren Delivery Hero SE ISIN DE000A2E4K43 Börsennotierung, Illustration mit AI erstellt.

Delivery Hero (ISIN DE000A2E4K43) was trading at EUR 37.95 at Lang & Schwarz on October 20, 2026 at 10:30 a.m. CEST, up 0.05 percent versus the Xetra close of October 19, 2026 at EUR 37.93. The company said on September 24, 2026 that CEO Niklas Oestberg would continue as chairman of the management board beyond March 31, 2027, as the Uber takeover process moves forward, according to Delivery Hero.

Offer gap sets the market frame

Uber's cash offer of EUR 41.50 per share remains the central comparison for the stock. At EUR 37.95, the shares stand 8.55 percent below that offer, calculated against EUR 41.50, while UBS retained a Neutral rating and a EUR 41.50 target on October 13, 2026, according to MarketScreener.

The timetable leaves investors with a defined near-term calendar rather than a conventional earnings-driven setup. The offer acceptance period ends on November 5, 2026, while settlement is expected in the second half of 2027, according to Admirals.

Three dates explain the story

On September 14, 2026, Delivery Hero completed the early repricing of a USD 1.3 billion Term Loan B. On September 24, 2026, it said Niklas Oestberg would remain CEO beyond March 31, 2027. On October 6, 2026, the company highlighted 150 startups founded by alumni of Delivery Hero and its brands, with a combined value of EUR 7.5 billion, according to Delivery Hero.

What does the offer mean?

The operating picture still matters because the offer is not the same as completed cash settlement. Revenue reached EUR 7.75 billion in the first half of 2026, up 13.00 percent from EUR 6.88 billion in the first half of 2025, while adjusted earnings before interest, taxes, depreciation and amortization rose 3.90 percent to EUR 427.00 million in the same period, according to FreshPlaza.

Next reporting marker

Delivery Hero's next scheduled trading update is October 28, 2026. The report will give investors a fresh operating reference while the takeover spread continues to reflect timing and regulatory execution risk. The stock was trading at EUR 37.95 at Lang & Schwarz on October 20, 2026 at 10:30 a.m. CEST, 0.05 percent above the Xetra close of October 19, 2026 at EUR 37.93. The further course of trading is shown by the continuously updated real-time quote of Delivery Hero stock.