Delivery Hero raises full-year forecast again on strong Q3 growth

What happened

Delivery Hero raised its 2026 forecast for the second time this year, now expecting gross merchandise value to grow 10%-12%, up from 9%-11%. Third-quarter gross merchandise value rose 13.6% to €13.9 billion, helped by strong quarterly growth.

Confirmed

Global impact / market context

Gross merchandise value measures the total value of goods sold through the marketplace, so faster growth suggests more orders and revenue flowing to Delivery Hero's bottom line, which matters while Uber weighs a takeover offer for the company.

Analyst inference

The upgrade suggests resilient demand despite an uncertain consumer environment, and it comes as Uber seeks to expand its international footprint through a takeover offer. Analysts polled by the company had forecast 2026 growth of 9.1%.

Analyst inference

What to watch

1. Delivery Hero now expects 2026 gross merchandise value growth of 10%-12%, up from a previous forecast of 9%-11%, and it raised this outlook for the second time this year. Confirmed
2. Watch whether the company's board accepts, rejects, or renegotiates Uber's takeover offer, since the company is weighing the bid while its business growth accelerates. Proposed
3. Watch whether faster growth flows through to the bottom line as management claims, and whether demand stays resilient if the consumer environment remains uncertain. Analyst inference

Evidence

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