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February 11, 2022

Delivery Hero registers 89% surge in 2021 revenues

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

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).

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

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%.

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.

Free Report
img

Meet emerging digital demand in the foodservice industry

Global digital pressures are making waves across sectors. The foodservice industry is seeing particular impact as consumers change the way they operate. It is therefore essential to know how to navigate the challenges that digital is presenting to the industry and its consumers. GlobalData’s free report explores the market outlook for the global foodservice industry, with insights into how foodservice operators, brands, and their suppliers can meet changing demands. Key features in this report include:
  • An overview of dine-in, takeaway, and delivery forecasts up to 2026
  • Areas foodservice industry players should be focusing on for digital investment
  • Consumer insight into attitudes towards digital convenience
  • Challenges facing foodservice, in terms of investment and logical considerations
  • Key examples of top industry players
Adapt and stay on top. Download our free report now.
by GlobalData
Enter your details here to receive your free Report.

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