Marley Spoon Group SE Announces H1 2026 Financial Results and Outlook

Marley Spoon Group SE has reported its financial results for the first half of 2026. Net revenue decreased to €105.6 million from €138.9 million in the same period last year, representing a decline of 24%. The contribution margin remained steady at 36%, while the operating EBITDA margin fell significantly to (6)% compared to 4% in the previous year, resulting in an operating EBITDA of €(6.8) million.

The company attributes the revenue decline and margin challenges to increased marketing expenditures, which rose to €21.1 million, and a change in its US fulfillment partner after FreshRealm entered Chapter 11 proceedings in April 2026. Misfits Market, Inc. has since taken over that role. Despite these challenges, general and administrative expenses were reduced.

Looking forward, Marley Spoon expects 2026 net revenue between €175 million and €185 million, with a contribution margin between 34% and 36% and an operating EBITDA between €(21) million and €(17) million.