The earnings call presented a mixed view with significant growth in GMV and revenue, as well as improvements in EBITDA and cash flow. However, these were balanced by challenges including FX headwinds affecting guidance, legal issues in Spain, and increased costs from own delivery expansion.

Company Guidance

During the Q2 2025 earnings call, Delivery Hero's leadership shared comprehensive guidance on their financial and operational performance. The company reported an 11% year-over-year GMV increase and a 27% rise in revenue, excluding hyperinflation FX effects. The adjusted EBITDA for the first half of 2025 expanded by 71% to EUR 411 million, with a margin improvement of 70 basis points. Despite FX headwinds, particularly from the U.S. dollar and Korean won, and costs associated with scaling own delivery in Korea, the company expects to reach the higher end of their GMV growth guidance of 8% to 10% for the full year. Free cash flow before extraordinary items improved significantly, approaching breakeven at minus EUR 8 million, with a robust liquidity position of EUR 2.8 billion. The company also highlighted successful integration efforts, including a 6.7% improvement in conversion rates post-Glovo integration and a 9.5% reduction in cost per order, underscoring their enhanced operational efficiencies.

Strong GMV and Revenue Growth

GMV in Q2 increased by 11% year-over-year on a like-for-like basis, with revenue growth accelerating to 27% in the same period.

Significant EBITDA Improvement

Adjusted EBITDA in the first half of the year increased by 71% to EUR 411 million, representing a margin expansion of 70 basis points.

Strong Cash Position

The company maintains a robust capital position with EUR 2.8 billion in cash at the end of H1, despite repurchasing nearly EUR 900 million in convertible bonds.

Successful Integration and Platform Expansion

The Glovo integration is completed, and the company has reached a milestone with half of its GMV coming from multi-vertical customers, who spend 5.2x more than single vertical customers.

Strong Performance in MENA and Americas

MENA segment showed GMV growth of 26% year-over-year, while the Americas segment exhibited GMV growth of 30% and significant EBITDA improvement.

Delivery Hero SE (DE:DHER) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DE:DHER Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 23, 2026	2025 (Q4)	- / -	2.322	―	―	―
Aug 28, 2025	2025 (Q2)	0.00 / -1.35	-0.3	-349.67% (-1.05)	―	―
Apr 24, 2025	2024 (Q4)	2.31 / 2.32	-1.51	253.77% (+3.83)	―	―
Aug 29, 2024	2024 (Q2)	-2.75 / -0.30	-3.04	90.13% (+2.74)	―	―
Apr 25, 2024	2023 (Q4)	-0.87 / -1.51	-5.893	74.38% (+4.38)	―	―
Aug 30, 2023	2023 (Q2)	-1.32 / -3.04	-5.64	46.10% (+2.60)	―	―
Apr 27, 2023	2022 (Q4)	-1.29 / -5.89	-1.12	-426.16% (-4.77)	―	―
Aug 25, 2022	2022 (Q2)	-2.08 / -5.64	-3.325	-69.62% (-2.31)	―	―
Feb 10, 2022	2021 (Q4)	-2.16 / -1.12	-4.81	76.72% (+3.69)	―	―
Aug 26, 2021	2021 (Q2)	-1.76 / -3.33	-2	-66.25% (-1.33)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DE:DHER Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 28, 2025	€23.44	€22.05	-5.93%
Apr 24, 2025	€24.90	€25.15	+1.00%
Aug 29, 2024	€23.50	€26.37	+12.21%
Apr 25, 2024	€28.93	€30.79	+6.43%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Delivery Hero SE (DE:DHER) report earnings?

Delivery Hero SE (DE:DHER) is schdueled to report earning on Apr 23, 2026, TBA (Confirmed).

What is Delivery Hero SE (DE:DHER) earnings time?

Delivery Hero SE (DE:DHER) earnings time is at Apr 23, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Delivery Hero SE stock?

The P/E ratio of Delivery Hero SE is N/A.

What is DE:DHER EPS forecast?

Currently, no data Available

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