Delivery Hero Surpasses 2023 Financial Targets, Forecasts Stronger 2024

The food delivery giant reports exceeding sales and profitability goals for 2023, with optimistic projections for the coming year.

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.
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