Delivery Hero raised its full-year forecasts on October 28 after reporting its first quarter with more than one billion orders.
The Berlin-based company said third-quarter orders reached 1.001 billion, an 11.5% like-for-like increase. Gross merchandise value, the value of transactions through its business, rose 13.6% on that basis to €13.9 billion. Revenue grew 22% like-for-like to €4.3 billion.
Delivery Hero now expects 2026 gross merchandise value growth of 10%–12%, compared with 9%–11% previously. It raised its revenue growth range to 18%–20% from 17%–19%.
The company also increased its adjusted earnings before interest, taxes, depreciation and amortization forecast to €980 million–€1.020 billion, from €960 million–€1 billion. Its free cash flow target rose to more than €300 million from more than €250 million.
The cash-flow outlook excludes extraordinary acquisition proceeds and certain legal payments. Delivery Hero’s like-for-like growth measures adjust for currency, changes in business scope and hyperinflation accounting.
Source: Delivery Hero, Third-Quarter Trading Update, October 28, 2026.