Delivery Hero Q1 Earnings Call Highlights

Delivery Hero (ETR:DHER) reported an acceleration successful radical maturation and reiterated assurance successful reaching the precocious extremity of its 2026 profitability guidance, arsenic absorption highlighted advancement successful speedy commerce, subscriptions, and artificial quality initiatives during its Q1 2026 trading update.

Growth accelerates arsenic speedy commerce expands

CEO Niklas Östberg said the 4th delivered “three cardinal messages,” led by faster growth. Group GMV grew 8.8% like-for-like successful Q1, up from 7.9% successful Q4, portion radical bid maturation accelerated to 10% from 9% successful Q4, according to CFO Marie-Anne Popp. Östberg besides pointed to speedy commerce arsenic a halfway driver, noting it present accounts for 18% of radical GMV and grew 30% successful the quarter.

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Östberg framed the show arsenic grounds that the company’s “Everyday App” strategy is working, aimed astatine expanding beyond edifice transportation into groceries and broader retail categories. He said Delivery Hero’s level includes 1.5 cardinal vendors, 60 cardinal monthly progressive users, and much than 80 fulfillment centers.

Among the engagement metrics highlighted, Östberg said 55% of GMV is generated by customers engaging crossed aggregate verticals, portion 43% of radical GMV comes from subscribers. He besides said Delivery Hero delivers “as accelerated oregon faster than our competitors” successful 96% of markets, and cited an 8% simplification successful rider waiting times astatine restaurants and 50% year-over-year maturation successful precedence deliveries.

Management assurance successful 2026 guidance strengthens

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Östberg said the company’s caller investments are supporting “higher profitable growth,” and that Delivery Hero is assured it tin execute adjusted EBITDA “in the precocious end” of its EUR 910 cardinal to EUR 960 cardinal guidance range, with escaped currency travel “comfortably supra EUR 200 million” for 2026. Popp echoed the outlook, saying the beardown commencement to the twelvemonth and affirmative results from investments successful MENA, Asia, and speedy commerce enactment transportation successful the “upper half” of the adjusted EBITDA range.

Asked wherefore assurance improved soon aft the yearly results, Östberg said the institution has gained much visibility into returns from investments—particularly successful speedy commerce successful the Middle East and successful South Korea—compared with what it could observe earlier successful the year. Popp added that the institution is seeing however maturation successful Q1 is translating into profitability.

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On superior returns, Popp said a stock buyback is not presently planned. She emphasized the value of maintaining “flexibility” and “optionality” successful liquidity and superior structure, and noted the institution has precocious bought backmost convertible bonds to code indebtedness maturities and widen visibility “all the mode into 2028.”