Delivery Hero has generated revenues of $7.5bn (€6.6bn) in 2021, an 89% jump from the prior year, while its Q4 2021 revenues grew 66% to $2.1bn (€1.9bn).

The food delivery company’s annual gross merchandise value (GMV) stood at $40.2bn (€35.4bn), surpassing its own guidance.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

In Q4 2021, GMV climbed 39% year-on-year to $11bn (€9.6bn). In this quarter, the company ‘achieved a record-high contribution margin of own-delivery’, which accounted for 51% of its orders.

The company’s adjusted EBITDA/GMV margin for the financial year 2021 was -2.2%, which aligns with the set guidance of around -2%.

Delivery Hero has also released its financial outlook for 2022, with GMV projected at €44bn to €45bn.

It expects total revenue to reach between €9.5bn and €10.5bn this year, with an adjusted EBITDA/GMV margin of around -1.0% to -1.2%.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Delivery Hero CFO Emmanuel Thomassin said: “We are proud to deliver on our promises for 2021 in terms of GMV, revenue and EBITDA. With steady growth rates and an increasing contribution margin of own-delivery, it is clear that our business model works.

“Our deliberate focus on scale and driving efficiency pays off, and we expect our platform business to generate a positive adjusted EBITDA this year.”

Last month, Delivery Hero sold a $150m stake in Latin-American delivery firm Rappi.