Delivery Hero's Adj. EBITDA Rises by 30% Amid Strategic Adjustments

Delivery Hero reported a 30% YoY increase in adjusted EBITDA for 2025, reaching €903 million. This growth highlights the company's profitability momentum, driven by enhanced engagement across its multi-vertical platform and the expansion of Quick Commerce. Strong results were further reflected in a positive free cash flow of €250 million, marking the second consecutive year of free cash flow achievements.

The company anticipates continued growth in 2026, following the strategic sale of its foodpanda Taiwan operations to Grab for $600 million. The sale aligns with Delivery Hero's aim to optimize capital allocation and maintain liquidity, underscored by a substantial pro forma cash position of €2.7 billion.

Focusing on its Everyday App strategy, Delivery Hero is transitioning from a food delivery service to a multi-vertical platform that includes groceries and household essentials. This expansion is set to increase order frequency and customer spending, with Quick Commerce GMV expected to reach €10 billion in 2026.