Delivery Hero SE (DHER) Earnings Call Transcripts

Delivery Hero SE's Latest Earnings Call - March 26, 2026

Delivery Hero SE reported strong financial results for the full year 2025, with revenue growth of 23% and adjusted EBITDA increasing by 30% year-over-year, reaching EUR 903 million. The company is transitioning towards becoming an everyday app, with quick commerce GMV surpassing EUR 7.5 billion, growing over 30% year-on-year. Management maintained its guidance for 2026, expecting GMV growth of 8% to 10% and adjusted EBITDA between EUR 910 million to EUR 960 million, signaling confidence in continued momentum despite ongoing FX headwinds.

Reported metrics

Guidance from management

Management expects GMV growth of 8% to 10% for 2026, with adjusted EBITDA projected between EUR 910 million to EUR 960 million. This reflects ongoing investments in customer loyalty and operational improvements.

What management said

Apologies for that. Jo, I'll do it again then. So yes, the process overhang is obviously a clear problem for us. So -- but at the same time, it's not our decision. We are happy to help in whatever shape and form we can help. But in the end, it's a process decision what they do with that stake. And yes, I guess they will have to answer that. But again, we are happy to help in whatever shape and form we can.

Thanks, Giles. So we don't want to comment on potential external data. We often see that external data is very incorrect both on a daily, weekly, monthly, it's pretty random for one reason or another. The data sources that we have are very accurate also when we compare to our peers. But yes...

What analysts pressed on

Analysts expressed concerns regarding the process overhang affecting share price and the need for clarity on liquidity and cash flow management. Specific focus was on the impact of contingent liabilities and the strategic review's progress.

Main topics on the call

• Transition to Everyday App — Management emphasized the shift from a single vertical food platform to a multi-vertical ecosystem, stating, "We are expanding into health and beauty, pet care, household essentials and more." This transition is expected...
• Quick Commerce Growth — Quick commerce GMV exceeded EUR 7.5 billion, growing over 30% year-on-year. Management stated, "We are confident in hitting EUR 10 billion in quick commerce GMV by 2026 full year," indicating strong future growth potenti...
• Strong Financial Performance — Revenue grew by 23% year-over-year, driven by the expansion of delivery offerings. Adjusted EBITDA reached EUR 903 million, reflecting a 30% increase, showcasing operational efficiency and cost discipline.
• Strategic Review and Asset Sales — The company is conducting a strategic review to unlock shareholder value, with recent asset sales, including the disposal of Taiwan for $600 million. Management stated, "We do not believe our share price accurately refle...

Read the full Delivery Hero SE transcript (March 26, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 40 Delivery Hero SE earnings call transcripts on record, spanning February 11, 2020 to August 27, 2026. Based on this history, Delivery Hero SE reports quarterly. The most recent call on file is dated August 27, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

DHER

Exchange

XTRA

Country

DE

Sector

Consumer Discretionary

Industry

Hotels, Restaurants and Leisure

Calls on record

40

First call

February 11, 2020

Most recent

August 27, 2026

Reporting cadence

quarterly