Delivery Hero SE Reports Q2 Results

Delivery Hero SE, a German company operating in the online food ordering and delivery industry, has released its Q2 results. Key highlights from the report include:

• Revenue growth accelerated in the second quarter, with a 27% increase in like-for-like segment revenue.
• The company’s gross merchandise value and segment revenue outlook for the full year have been raised.

However, the report also notes that the weaker dollar and South Korean won have had a negative impact on profit and free cash flow. As a result, Delivery Hero has lowered its full-year profit outlook.

Key Financial Metrics

• Revenue growth: 27% increase in like-for-like segment revenue
• Gross merchandise value and segment revenue outlook: raised for the full year
• Profit outlook: lowered due to weaker dollar and South Korean won

Market Reaction

The company’s stock price has remained stable, with investors focusing on the positive aspects of the Q2 results, including the strong revenue growth and improved profitability.