Delivery Hero Reports Strong Growth and Profitability in Q2 and H1 2025

Delivery Hero SE announced its financial results for Q2 and H1 2025, highlighting significant growth and profitability. Group Gross Merchandise Value (GMV) increased by 11% year-over-year to €12.2 billion in Q2, while Total Segment Revenue rose by 27% to €3.7 billion. Positive results were driven by a strong performance in Asia, particularly in South Korea.

The first half of 2025 marked a milestone with Delivery Hero achieving a positive Group Operating Result. GMV reached €24.6 billion, with a 25% increase in Segment Revenue to €7.2 billion. Adjusted EBITDA surged by 71% to €411 million, and Free Cash Flow improved by €96 million year-over-year.

The company updated its full-year guidance, expecting GMV growth to reach the upper end of 8-10%, and Total Segment Revenue to increase by 22-24%. However, foreign exchange headwinds have adjusted expected EBITDA and Free Cash Flow projections.