Financial ImpactGlovo's management decision to reclassify the legal status of its riders in Spain from freelance to full employment will have a negative impact of ~€100m on the group's adjusted EBITDA in FY25E.
Geographical PerformanceKorea continues to lag in geographical segment performance, impacting the overall growth.
Market CompetitionThe acquisition of JustEatTakeaway.com by Prosus raises a more serious competitor for DHER in Spain, Italy, and Poland.