Delivery Hero 2026 guidance raised on growth

Delivery Hero raised its full-year 2026 guidance as demand strengthens and profitability improves, with GMV now expected to grow 9% to 11%. The company also lifted its revenue outlook to a 17% to 19% increase and reiterated a target for adjusted EBITDA of roughly €960 million to €1 billion, helped by stronger first-half results. Management highlighted an acceleration in GMV and cash generation, supported by the Everyday App strategy that continued to boost orders and profitability. The backdrop to these upgrades includes a voluntary takeover offer from Uber at €41.50 per share, with Delivery Hero continuing to operate independently until the transaction closes in the second half of 2027. In concurrent disclosures, the quick-commerce and multi-vertical growth under the Everyday App concept drove high growth, with GMV and subscriber metrics showing solid momentum in Q2. Market reaction has been positive, though analysts noted the gap between the offer price and current valuation and the potential for deal-related dynamics to influence short-term sentiment.