Delivery Hero stock enters the Q3 update with higher guidance

Published on 10/07/2026 at 13:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Delivery Hero stock carries a consensus target of EUR 38.62 from 13 analysts as of September 24. H1 revenue reached EUR 7.8 billion, up 18 percent like-for-like, with Q3 results set for October 28.

Börsen-Trading-Floor Frankfurt mit Food-Tech-Sektorkursen auf großen Bildschirmen — Delivery Hero SE ISIN DE000A2E4K43 an Frankfurter Börse gehandelt, Trader verfolgen Food-Tech-Sektorkurse, Illustration mit AI erstellt.

Delivery Hero SE (ISIN DE000A2E4K43) was trading at EUR 36.52 on Xetra on October 7, 2026 at 1:07 p.m. CEST, down 0.22 percent from EUR 36.60. The next company checkpoint is the Q3 2026 trading update scheduled for October 28, 2026, according to EQS News.

Growth sets the next test

Delivery Hero enters that date with a stronger first-half operating picture. In its August 27, 2026 earnings call, Yahoo Finance reported that first-half revenue rose 18 percent on a like-for-like basis to EUR 7.8 billion, while gross merchandise value increased 10 percent on the same basis to EUR 25.7 billion.

The operating comparison is equally important. Adjusted EBITDA rose 4 percent year over year to EUR 427 million, while free cash flow before extraordinary items reached EUR 348 million; the company also said Q2 GMV growth accelerated to 11.3 percent from 8.8 percent in Q1.

Guidance moves higher

Management raised all four full-year 2026 targets in the August 27 update. Revenue growth is now expected at 17 percent-19 percent like-for-like, compared with 14 percent-16 percent previously, while adjusted EBITDA guidance increased from EUR 910 million-960 million to EUR 960 million-1 billion.

The cash-flow target also moved higher, to more than EUR 250 million from more than EUR 200 million. The comparison gives the October update a clear operating benchmark, although the first-half cash-flow figure included working-capital benefits that management expects to reverse in the second half, as stated in the Yahoo Finance transcript.

Analyst target stays above price

The analyst backdrop is positive but measured. Zonebourse listed an average Accumulate rating from 13 analysts on September 24, 2026, with an average target of EUR 38.62, a high of EUR 45.00 and a low of EUR 29.11. The average target lies 5.75 percent above the October 7 price.

For investors, the key tension is visible in the numbers: operating growth and profitability improved, while the market price remains below the 52-week high of EUR 39.83. The range extends down to EUR 14.80, and the current market capitalization is EUR 11.1 billion.

Stock awaits the October update

Delivery Hero stock was last at EUR 36.52 on Xetra on October 7, 2026 at 1:07 p.m. CEST. The October 28 trading update will test whether the 17 percent-19 percent revenue-growth target and EUR 960 million-1 billion adjusted EBITDA range remain supported by second-half execution.