Observed Signal · Aug 27, 2026 · Earnings Report · Source: Retail-News · Impact: 4/5 · Sentiment: Positive
Financials Market: Delivery Hero Raises 2026 Guidance After Strong H1
Delivery Hero raised its full-year 2026 guidance after a stronger-than-expected first half driven by accelerating growth, improved profitability and quick‑commerce expansion. In Q2 GMV on a like‑for‑like basis rose 11.3% to €13.2bn, revenue increased 17.7% to €4.0bn and orders reached 981 million (+11%). Adjusted EBITDA for H1 was €427m and free cash flow improved from -€8m to €348m. Quick‑commerce GMV grew 32% and now represents 18.3% of group volume; orders from small fast‑fulfilment “Dmarts” rose 39%. The company is investing in AI — launching an AI assistant used by over 40,000 merchant partners (average order uplift ~15%) and operating an internal AI agent called “Herogen.” Regional GMV growth was broad‑based, and the previously announced €41.50-per-share takeover offer from Uber remains pending regulatory approval, with an expected close in H2 2027.
A major platform operator reported stronger‑than‑expected H1 results, raised full‑year guidance, showed rapid quick‑commerce growth and expanding ad/AI initiatives — impacting retail media, commerce monetization and AI adoption; plus an outstanding Uber takeover offer.
Key Takeaways & Evidence Grounding
- Delivery Hero raised its full‑year 2026 guidance after a strong first half.
- Q2 2026 like‑for‑like GMV rose 11.3% to €13.2 billion; revenue increased 17.7% to €4.0 billion and orders rose 11% to 981 million.
- Adjusted EBITDA for H1 2026 was €427 million; free cash flow improved from -€8 million to €348 million year‑on‑year.
- Quick‑commerce GMV grew 32% in Q2 and now accounts for 18.3% of group volume; orders via Dmarts increased 39%.
- Delivery Hero launched an AI assistant used by more than 40,000 partner merchants (reported average orders +15%) and runs an internal AI agent 'Herogen' for software development.
Connected Companies & Entities
3 Entities mappedDelivery Hero
Global food delivery and retail media platform operator.
“Delivery Hero looks to the full year 2026 more optimistically after a strong first half; the Berlin delivery‑platform operator raised its gu...”
Uber
Mobility, delivery, logistics and advertising platform with subscription layer.
“The ride‑hailing and delivery group Uber had in July submitted a voluntary takeover offer of €41.50 per share....”
Glovo
Multi-category delivery marketplace with embedded retail media monetisation.
“In Europe growth accelerated to 8.4 percent, driven especially by the strong development of subsidiary Glovo and the expanding quick‑commerc...”
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