Overview

• Delivery Hero announced preliminary 2023 results, revealing revenues of 10.5 billion euros and an adjusted EBITDA exceeding 250 million euros.
• The company's gross merchandise value (GMV) grew by 6.8% in 2023, with total segment revenue increasing by 15.7% year-over-year.
• Delivery Hero forecasts 7-9% GMV growth and 15-17% segment revenue growth for 2024, alongside an adjusted EBITDA of 725 to 775 million euros.
• Despite surpassing financial targets, Delivery Hero's shares experienced a significant drop, attributed to investor concerns over asset sales strategy.
• Ongoing discussions for the sale of Southeast Asian business Foodpanda to Grab are confirmed, countering reports of collapsed negotiations.