Delivery Hero stock gains as Uber takeover offer stays above market price
Published on 09/04/2026 at 13:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Delivery Hero SE (ISIN DE000A2E4K43) stock remains supported by Uber’s cash takeover proposal at 41.50 euros per share, which the company’s board recommended to shareholders on September 4, 2026, keeping a double digit premium over recent German trading levels in focus for investors.
Uber offer sets valuation benchmark
According to a takeover terms summary carried by The Portugal News on September 3, 2026, Uber has offered Delivery Hero shareholders 41.50 euros in cash per share, representing an 8 percent premium to the closing price of Delivery Hero stock on the preceding trading day and implying an equity valuation of approximately USD 14.8 billion, equivalent to about EUR 12.7 billion.
A follow up brief from The Daily Star on September 4, 2026 reports that Delivery Hero’s board has formally recommended that shareholders accept Uber’s approximately USD 15 billion takeover offer, signalling that the management views the proposed valuation and strategic fit as attractive and aligning the company behind the transaction ahead of regulatory and shareholder approval processes.
Fresh guidance and Q2 2026 figures underpin the story
On the fundamental side, Delivery Hero has paired the takeover narrative with stronger operating momentum, raising its full year 2026 guidance after reporting accelerating growth in the second quarter of 2026, as detailed in an EQS-distributed release cited by finanzen.net on September 3, 2026.
For Q2 2026, Delivery Hero’s Group gross merchandise value (GMV) rose by 11.3 percent year on year on a like for like basis to EUR 13.2 billion, accelerating from 8.8 percent growth in Q1 2026 and highlighting that order volumes and basket sizes are picking up as the company pushes its Everyday App strategy across markets.
In the same quarter, revenue increased by 17.7 percent year on year on a like for like basis to EUR 4.0 billion, while orders advanced 11.0 percent to 981 million, giving investors a clearer sense that monetisation is growing faster than volumes and that the underlying demand for food delivery and quick commerce remains robust in the latest reported period.
Across the first half of 2026, Group GMV climbed 10.1 percent year on year on a like for like basis to EUR 25.7 billion, and revenue expanded 17.8 percent to EUR 7.8 billion, providing a broader context for the takeover premium by showing double digit top line growth at the group level ahead of the board’s support for Uber’s offer.
The same guidance update also notes that adjusted EBITDA in the first half of 2026 reached EUR 427 million, up 3.9 percent year on year, and that free cash flow swung to EUR 348 million in H1 2026 from a negative EUR 8 million in H1 2025, underscoring how the business has started to convert growth into cash and potentially strengthening Delivery Hero’s negotiating position when agreeing terms with Uber.
German trading venues keep price below offer level
Market data compiled by MarketScreener for Xetra as of September 3, 2026 show Delivery Hero shares at around EUR 36.55 at the close of the German main market session, a level that stands roughly 11.9 percent below Uber’s 41.50 euro per share cash proposal and indicates that investors are factoring in deal execution risks and the time value of money despite the board’s recommendation.
An analysis published on September 3, 2026 by ad-hoc-news.de referenced a Tradegate quotation of EUR 36.67 for Delivery Hero stock after the board’s initial backing of the offer, reinforcing the picture that German retail investors are maintaining the share well below the bid level while using the 41.50 euro price as a reference point for the potential upside embedded in the takeover scenario.
With the Xetra and Tradegate levels clustered in the mid-30s euros against a bid in the low 40s, the stock trades closer to its recent range than to the offer price, suggesting that the market is waiting for further clarity on regulatory approvals and possible competing interests rather than immediately pricing in the full takeover premium.
Read more on Delivery Hero stock and fundamentals
Further insights into Delivery Hero stock
More news, analyses and regulatory filings on Delivery Hero SE are available in the topic overview for the ISIN DE000A2E4K43.
Delivery Hero’s Everyday App strategy and Glovo
Beyond the takeover and headline figures, Delivery Hero’s business model remains centred on building an Everyday App for consumers, combining restaurant delivery, groceries, convenience items and other services on a single digital platform, a strategy highlighted in the same Q2 2026 guidance update carried by finanzen.net.
The company’s network includes key brands such as Glovo, which Uber aims to acquire alongside Delivery Hero’s broader portfolio to strengthen its global food delivery footprint, as noted in the Portugal News overview of the transaction structure and strategic rationale.
Under the Everyday App concept, Delivery Hero focuses on increasing order frequency and basket size per active user by offering a wide range of categories and leveraging local partnerships, which in turn drives the GMV and revenue growth figures reported for Q2 and the first half of 2026 and helps explain why a strategic buyer such as Uber is prepared to pay a notable premium to prevailing market prices.
Stock price context for investors
For investors tracking Delivery Hero stock, the latest verified German quotation at around EUR 36.55 on Xetra as of September 3, 2026 represents a reference point that can be directly compared with Uber’s 41.50 euro cash offer per share, implying potential upside of close to 12 percent if the transaction closes on the proposed terms without adjustment.
Delivery Hero SE at a glance
- Company: Delivery Hero SE
- ISIN: DE000A2E4K43
- Ticker: DHER
- Trading venue: Xetra
- Price (as of September 3, 2026): 36.55 EUR
- Market capitalization: 12,700,000,000 EUR (offer valuation as of September 3, 2026)
- Sector / Industry: Consumer Discretionary / Internet and Direct Marketing Retail
- Index membership: MDAX
