Delivery Hero stock eases as Q3 growth lifts 2026 outlook

Published on 11/10/2026 at 17:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Delivery Hero stock eases after a strong third quarter and higher 2026 targets. Quick commerce remains a key growth engine for the platform.

Growth and guidance remain in focus

Delivery Hero exceeded one billion quarterly orders for the first time in Q3.
Quick commerce continued to outpace the wider platform and gained share of group GMV.
The raised outlook points to stronger growth and higher cash generation in 2026.

Delivery Hero, DE000A2E4K43, Illustration mit AI erstellt.

Delivery Hero reported accelerated third-quarter growth on October 28, 2026, and raised its full-year outlook across GMV, revenue, adjusted EBITDA and free cash flow. The update came from Delivery Hero.

Delivery Hero stock traded at 36.90 euros on Lang & Schwarz at 17:47 CET on Tuesday, November 10, 2026, 0.46 percent below the Xetra close of Monday, November 9. The move leaves the share below Uber's 41.50-euro voluntary takeover offer, whose acceptance period ended on November 5.

Third-quarter momentum accelerated

Group GMV reached 13.9346 billion euros in Q3, up 13.6 percent year over year on a like-for-like basis. Revenue rose 22.0 percent to 4.3479 billion euros, while orders increased 11.5 percent to 1,001 million, taking quarterly volume above one billion for the first time.

Quick commerce was the fastest-growing activity. Its GMV increased 39 percent like for like and represented 19 percent of group GMV. Subscribers generated 51 percent of group GMV, while customers using multiple verticals accounted for 62 percent.

Higher targets raise execution stakes

Delivery Hero lifted its 2026 GMV growth target to 10 to 12 percent from 9 to 11 percent previously. Revenue growth is now expected at 18 to 20 percent, compared with 17 to 19 percent before.

Adjusted EBITDA guidance increased to 980 million to 1.02 billion euros from 960 million to 1 billion euros. Free cash flow is expected to exceed 300 million euros, up from the previous target of more than 250 million euros. The revised targets improve the earnings outlook, but continued investment in customer experience and quick commerce keeps execution central for investors.