Delivery Hero upgrades full-year guidance on strong Q3 growth
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Immediately before the planned acquisition by US competitor Uber, Delivery Hero has accelerated growth. "For the first time, we have reached more than one billion orders in a quarter," said Niklas Östberg, co-founder and head of the German food supplier, on Wednesday. On this basis, the company raised its forecasts for the full year.
Revenues grew by 15.7% in Europe to EUR 674 million.
Delivery Hero, the German platform owned by Glovo, obtained a total revenue of 4,348 million euros in the third quarter, representing an improvement in turnover of 23% over the same period a year ago, accounts published after becoming official in September the sale of the company to Uber. In [...] The entry Delivery Hero, owner of Glovo, billed 23% in the third quarter, up to 4,348 million appears first in Forbes Spain.
Delivery Hero upgrades full-year guidance on strong Q3 growth
Investing.com -- Delivery Hero raised its full-year guidance across all metrics after reporting third-quarter gross merchandise value (GMV) of €13.9 billion, up 13.6% YoY on a like-for-like basis, accelerating from 11.3% growth in the second quarter. Revenue rose 22% YoY to €4.3 billion, up from…
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