Delivery Hero stock trades at EUR 36.48 as 2026 guidance rises

Published on 09/30/2026 at 09:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Delivery Hero stock was trading at EUR 36.48, down 0.19 percent from EUR 36.55 on September 30, 2026. H1 revenue reached EUR 7.8 billion, up 18 percent like for like.

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Delivery Hero stock (ISIN DE000A2E4K43) was trading at EUR 36.48 at Lang & Schwarz on September 30, 2026 at 9:39 a.m. CEST, down 0.19 percent versus the prior close of EUR 36.55. The company is combining faster first-half growth with higher full-year guidance.

Guidance moves higher

According to the Yahoo Finance transcript dated August 27, 2026, group GMV grew 10 percent like for like in the first half of 2026 to EUR 25.7 billion. Revenue rose 18 percent like for like to EUR 7.8 billion, giving the top line a faster pace than GMV.

The same Q2 2026 update lifted full-year revenue growth guidance to 17%-19% from 14%-16%. Adjusted EBITDA guidance increased to EUR 960 million to EUR 1 billion from EUR 910 million to EUR 960 million, while free cash flow before extraordinary items is expected to exceed EUR 250 million instead of EUR 200 million.

Cash flow carries a warning

H1 adjusted EBITDA rose 4 percent year over year to EUR 427 million, while free cash flow before extraordinary items reached EUR 348 million. The earnings call also said working capital benefits are expected to reverse in the second half, with higher capital expenditure, lease payments and taxes creating a tougher cash-flow comparison.

S&P Global Ratings reported on September 11, 2026, that revenue reached EUR 7.8 billion in the first half and adjusted EBITDA was EUR 426.7 million. Its analysis also put H1 adjusted EBITDA margin at 5.5 percent, down from 6.0 percent because of strategic investments.

The offer sets a reference point

Uber's proposed cash offer of EUR 41.50 per share remains a major valuation reference. The acceptance period ends November 5, 2026, and Delivery Hero's financial calendar lists the Q3 2026 trading update for October 28, 2026, according to the Delivery Hero investor-relations page.

Wallstreet Online reported on September 3, 2026, that Bernstein kept an Outperform rating and a EUR 41.50 price target. That target lies 13.76 percent above the Lang & Schwarz price, leaving the offer and analyst valuation above the intraday reference.

Stock stays below EUR 41.50

Delivery Hero stock was trading at EUR 36.48 at Lang & Schwarz on September 30, 2026 at 9:39 a.m. CEST, down 0.19 percent versus the prior close of EUR 36.55. The 52-week range is EUR 14.80 to EUR 39.83, while market capitalization stands at EUR 11.1 billion as of September 30, 2026.