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Delivery Hero 2025 GMV Growth Misses Market Estimates

Delivery Hero reported 2025 gross merchandise value of 49.2 billion euros. This fell short of expectations as the firm faced intense competition in key markets.

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Delivery Hero SE reported on Friday that its annual gross merchandise value (GMV) for 2025 reached 49.2 billion euros ($58.08 billion), reflecting a 9% year-on-year growth. This figure fell slightly short of market expectations, as analysts had projected a GMV of 49.5 billion euros in a company-compiled poll. The company attributed the performance to a combination of intense competitive pressure and a challenging global economic environment.

A group of Glovo delivery riders, part of the Delivery Hero network, discuss recent corporate policy changes while waiting for orders in Ronda, Spain. REUTERS/Jon Nazca/File Photo
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