UPDATE 2-Delivery Hero posts stronger than expected GMV growth in Q2
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 29 2024
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Source: Yahoo Finance
Delivery Hero's Growth: Delivery Hero reported a 7.4% increase in its second-quarter gross merchandise value (GMV), reaching €11.89 billion, surpassing analyst expectations, with the Middle East and North Africa region showing the highest growth at 28%.
Upcoming IPO: The company announced plans for an initial public offering of its Emirati subsidiary Talabat on the Dubai Stock Exchange in the fourth quarter, which has been positively received by traders despite the company's shares having fallen significantly since early 2021.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
