Delivery Hero reports its 2017 financials with revenue growth of 60% for the full year
30-Apr-2018
- Germany
Delivery Hero Group ("Delivery Hero"), a leading global online food ordering and delivery marketplace, maintained its strong growth trajectory in 2017 with revenues up 60% to EUR 544.2 million and an improved adjusted EBITDA margin of -17%.
Delivery Hero outperformed its revenue guidance for the full year and met the targeted adjusted EBITDA margin of -17%. Delivery Hero confirms a strong start to trading for the year and is on track to reach its goal of breakeven on an adjusted EBITDA basis on a monthly level by the end of Q4 2018.
Key Highlights for the full year group financial performance:
- Total orders increased by 48% in the full year to 291.5 million.
- Gross Merchandise Value (GMV) increased by 46% in the full year to EUR 3,824.3 million.
- Revenues increasing by 60% to EUR 544.2 million. On a constant currency basis, revenues increased by 65% on the same period.
- Adjusted (Adj.) EBITDA Margin improved for the group from -34% in 2016 to -17% in 2017.
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