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.
Regional RisksThere are further risks that Meituan expands into other MENA markets and this is expected to constrain DHER’s longer-term margin profile in its most profitable market.