Delivery Hero stock gains as Q3 growth lifts 2026 outlook
Published on 11/02/2026 at 09:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth and takeover deadline
- Third-quarter revenue rose 22.0 percent like for like to 4.3479 billion euros, while GMV increased 13.6 percent to 13.9346 billion euros.
- Delivery Hero raised its 2026 outlook for GMV, revenue, adjusted EBITDA and free cash flow.
- Shareholders can accept Uber's 41.50-euro offer through November 5, with closing expected in the second half of 2027 subject to regulatory approvals.
Delivery Hero reported stronger third-quarter growth on Wednesday, October 28, and raised its full-year 2026 outlook across all four key metrics. In the company's October 28 trading update, revenue rose 22.0 percent year over year on a like-for-like basis to 4.3479 billion euros. Growth accelerated from 17.7 percent in the second quarter.
Q3 growth reaches new milestones
Group gross merchandise value increased 13.6 percent like for like to 13.9346 billion euros, compared with 7.2 percent growth in the year-earlier quarter. Orders rose 11.5 percent to 1.001 billion, giving Delivery Hero its first quarter above one billion orders.
Quick commerce remained the strongest growth engine. Its GMV increased 39.0 percent like for like, and the business accounted for 19 percent of group GMV, four percentage points more than a year earlier. Integrated Verticals GMV, which primarily comprises the company's Dmarts, rose 40.0 percent like for like.
Customer engagement also strengthened. Subscribers generated 51 percent of group GMV, up 13 percentage points year over year, while customers using multiple verticals accounted for 62 percent, up six percentage points. Delivery Hero said it opened close to 90 Dmarts during 2026, taking the operating total to about 900.
Full-year targets move higher
Delivery Hero now expects like-for-like GMV growth of 10 to 12 percent in 2026, compared with 9 to 11 percent previously. Revenue growth is forecast at 18 to 20 percent, up from 17 to 19 percent.
Adjusted EBITDA guidance increased to 980 million to 1.020 billion euros from 960 million to 1.000 billion euros. Free cash flow guidance, excluding extraordinary items, was raised to more than 300 million euros from more than 250 million euros.
Chief Executive Niklas Östberg said investments in customer experience were accelerating growth and supporting profitability. Chief Financial Officer Marie-Anne Popp said the company would continue investing in 2027 while focusing on sustainable gross profit in each market.
Uber offer remains the next catalyst
Delivery Hero shareholders can accept Uber's voluntary public takeover offer of 41.50 euros per share through November 5. The companies continue to operate independently, and Delivery Hero expects the transaction to close in the second half of 2027, subject to regulatory approvals and other customary conditions.
Delivery Hero also said the Taiwan Fair Trade Commission had declined to approve the planned sale of foodpanda Taiwan to Grab on October 21. The company said foodpanda Taiwan remains operationally strong and continues to operate normally.
Delivery Hero stock traded at 37.37 euros on Lang & Schwarz at 09:15 CET on Monday, November 2, 2026, 0.19 percent above the Xetra close of Friday, October 30. The real-time quote of Delivery Hero stock reflects the pre-market indication, while the raised outlook and the Uber deadline remain the principal company-specific reference points for investors.
Delivery Hero stock at a glance
- Company: Delivery Hero SE
- ISIN: DE000A2E4K43
- WKN: A2E4K4
- Ticker: DHER.DE
- Home exchange: Frankfurt Stock Exchange
- Lang & Schwarz quote: 37.37 euros at 09:15 CET on November 2, 2026
- Change versus Xetra: 0.19 percent above the 37.30-euro close on October 30, 2026
- Index: MDAX
The broader German equity market provides the relevant backdrop through the DAX market overview.
Investors tracking the offer process and operating performance can follow More news and analyses on Delivery Hero stock.
