Germany's Delivery Hero raises full-year outlook

German online food delivery service Delivery Hero reported on Thursday that it has raised its outlook for the full financial year 2026.

Delivery Hero reported a first-half net loss attributable to shareholders of €392.4 million ($456.8 million), compared with a net loss of €396.3 million a year ago. 

Diluted and basic loss per share was €1.28, compared with a loss of €1.34 in the previous year. 

The operating loss was €160.1 million versus an operating profit of €3.1 million last year. 

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were at €427 million, up 3.9% from the prior year. 

Revenue was €7.75 billion compared with €6.88 billion in the prior-year period. Group gross merchandise value (GMV) grew 10.1% like-for-like to €25.7 billion.

For the second quarter, group GMV rose 11.3% like-for-like from a year ago to €13.2 billion. Revenue grew 17.7% like-for-like, reaching €4 billion, while orders jumped 11.0% like-for-like to 981 million.

The group increased its outlook for the full year 2026. Adjusted EBITDA is now projected in a range of €960 million-€1 billion, revised from prior guidance of €910 million-€960 million. Revenue is now projected to rise 17-19% on a like-for-like basis, revised from prior guidance of 14-16%.

At last close on the Frankfurt Stock Exchange, Delivery Hero shares were trading at €36.95.