By Ozan Ergenay Feb 27 (Reuters) - Online takeaway food company Delivery Hero on Friday reported 2025 gross merchandise value (GMV) slightly below market expectations, hampered by competitive pressure
Delivery Hero 2025 GMV Misses Forecasts as Shares Fall, Asia Rebounds
Delivery Hero Results, Market Reaction, and Strategic Review
Report and Key GMV Metrics
By Ozan Ergenay
Feb 27 (Reuters) - Online takeaway food company Delivery Hero on Friday reported 2025 gross merchandise value (GMV) slightly below market expectations, hampered by competitive pressure and a challenging economic environment.
The German company's GMV, a common metric for delivery firms measuring the total value of all goods sold, grew 9% to 49.2 billion euros ($58.08 billion) annually, compared with analysts' average estimate of 49.5 billion euros in a company-compiled poll.
Shares and Analyst Commentary
Shares in Delivery Hero, which were down 14.4% since the start of the year including today's session, fell 5.4% in early trading.
Analysts at Jefferies said that the company had finished the year with a soft GMV, but highlighted bright spots with Asia returning to growth on a like-for-like basis and orders in South Korea rising again.
Management View on Regional Trends
Chief Financial Officer Marie-Anne Popp said in a call with Reuters that the company can see encouraging signs at the beginning of this year throughout the region.
"We also operate in markets like Argentina and Turkey that can be very volatile and difficult, and what we see interestingly is that it has reasonably little impact because people will still order," Popp said.
Industry Backdrop: Consumer Spending and Inflation
Food delivery firms have been struggling as customers, hit by soaring prices and higher bills, are still selective in their spending as price inflation continues, albeit at a slower pace.
Strategic Review and Shareholder Pressure
DELIVERY HERO PURSUES STRATEGIC REVIEW
Asked about Delivery Hero's reviewing strategic options announced in December last year, Popp said that the company remains actively engaged in that process.
"We look into all options to provide value to shareholders, that's really the purpose of the exercise and that's an ongoing process. We'll update when we can," she added.
In November, Bloomberg News reported the company was under pressure from several large shareholders to carry out a strategic review.
($1 = 0.8471 euros)
(Reporting by Ozan Ergenay in Gdansk, editing by Matt Scuffham)
