Delivery Hero stock: Q3 growth lifts outlook as Uber deadline nears
Published on 11/02/2026 at 14:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth, liquidity and offer deadline
- Delivery Hero lifted its full-year 2026 targets after faster third-quarter growth.
- Quick commerce, subscriptions and a stronger liquidity position support the operating outlook.
- Uber's 41.50-euro voluntary offer remains open through November 5.
Delivery Hero accelerated in the third quarter and raised its full-year 2026 outlook across gross merchandise value, revenue, adjusted EBITDA and free cash flow. The company also highlighted stronger liquidity and lower financing costs ahead of a key deadline for Uber's takeover offer.
In its investor release dated Wednesday, October 28, Delivery Hero said group GMV rose 13.6 percent year over year on a like-for-like basis to 13.9 billion euros. Revenue increased 22.0 percent to 4.3479 billion euros, while orders rose 11.5 percent to 1.001 billion, marking the first quarter above one billion orders.
Quick commerce drives momentum
Quick-commerce GMV grew 39 percent on a like-for-like basis and accounted for 19 percent of group GMV. Subscribers generated 51 percent of group GMV, while customers using several verticals contributed 62 percent. Delivery Hero said it opened close to 90 Dmarts during 2026, bringing the operating total to about 900.
The company raised its 2026 like-for-like GMV growth target to 10 to 12 percent from 9 to 11 percent. Revenue growth is now expected at 18 to 20 percent, compared with 17 to 19 percent previously. Adjusted EBITDA guidance increased to 980 million to 1.020 billion euros from 960 million to 1.000 billion euros, and free cash flow guidance rose to more than 300 million euros from more than 250 million euros.
Liquidity adds financial flexibility
Delivery Hero ended the third quarter with 2.6 billion euros in cash. The company also completed a repricing of its 1.332-billion-US-dollar Term Loan B on September 10. The 150-basis-point reduction in the interest margin is expected to lower annual interest expenses by about 20 million US dollars.
Delivery Hero stock traded at 37.27 euros on Lang & Schwarz at 14:34 CET on Monday, November 2, 2026, 0.10 percent below the Xetra close of Friday, October 30. The real-time quote of Delivery Hero stock shows the current market indication.
Delivery Hero SE at a glance
- Company: Delivery Hero SE
- ISIN: DE000A2E4K43
- WKN: A2E4K4
- Ticker: DHER.DE
- Home exchange: Frankfurt Stock Exchange
- Lang & Schwarz quote: 37.27 euros at 14:34 CET on November 2, 2026
- Change versus Xetra: 0.10 percent below the 37.30-euro close on October 30, 2026
- Index: MDAX
The German equity market remains the wider backdrop for Delivery Hero through the DAX market overview.
Uber's voluntary public takeover offer of 41.50 euros per share can be accepted through November 5. Delivery Hero expects a potential transaction closing in the second half of 2027, subject to regulatory approvals and other customary conditions. Delivery Hero's investor release is the basis for the operating update. More news and analyses on Delivery Hero stock.
