Skip to content Skip to Search
Skip navigation

Delivery Hero reports Mena revenue surge

By Matt Smith
Talabat delivery drivers at a rest station. The company is owned by German conglomerate Delivery Hero Wam
Talabat delivery drivers at a rest station. The company is owned by German conglomerate Delivery Hero
  • Food delivery chain’s revenue rose 25% in Q2
  • Germany company owns Talabat and InstaShop

Germany’s Delivery Hero has reported a rise of almost 25 percent in second-quarter revenue from its operations in the Middle East and North Africa (Mena) region.

The company said strong customer demand resulted in second-quarter Mena revenue rising 24.4 percent to €641 million ($706 million), up from €515 million a year earlier.

The Berlin-based conglomerate claims to be the number one food delivery company in Mena and owns several food delivery businesses in the region.

These include Dubai-based Talabat, which delivers across the GCC, Egypt, Jordan and Iraq, plus Saudi Arabia’s Hunger Station, Turkey’s Yemeksepeti and pan-regional InstaShop.

In Mena, the company’s broader gross merchandise value (GMV) – the total value paid by customers including VAT, delivery fees, other fees and subsidies – rose 15 percent to €2.3 billion in the three months to June 30 compared to the same period a year ago.

Delivery Hero attributed Mena’s increasing revenue and GMV to strong customer demand, an improving competitive position in Saudi Arabia and better customer service in Turkey.

As per accounting rules to reflect hyperinflation in Turkey and Lebanon, Delivery Hero reduced its second-quarter Mena GMV and revenue by €155.2 million and €19.6 million respectively.

Mena is also Delivery Hero’s most profitable geographical division, achieving a gross profit margin as a percentage of GMV of around 10 percent.

Latest articles

Mark Foster, who played professional rugby for Gloucester and now heads LIV Golf, says the sport is ripe for investment

LIV Golf chief says rugby next in line for Gulf funds

Talks are taking place with sovereign wealth funds and private equity entities about potential Gulf investment in rugby, according to Mark Foster, senior vice president of finance operations at Saudi-backed LIV Golf Investments. Foster, a former Gloucester and Exeter Chiefs professional rugby player, told The Good the Bad & the Rugby podcast that discussions have […]

Dubai mall Lamcy Plaza

Fire-hit Dubai shopping mall fails to attract auction bids

A Dubai shopping mall closed since a fire in 2017 has failed to attract interest from potential buyers after being put up for auction. The Lamcy Plaza mall went on auction earlier this month with a starting bid of AED200 million ($54 million), but received no offers. The five-storey neighbourhood mall, which opened in 1997, […]

Aircraft, Flight, Transportation

Emirates to resume Nigeria service from October

Emirates will restart services to Nigeria from October 1, after suspending flights on the route for almost two years. The Dubai airline will operate a daily service to  Lagos, Nigeria’s largest city.  “We are excited to resume our services to Nigeria,” said Adnan Kazim, deputy president and chief commercial officer, Emirates.  “We thank the Nigerian government for their partnership and support in re-establishing this […]

Agility has developed more than 1 million sq m of land, warehousing and logistics infrastructure in Saudi Arabia

Earnings at Kuwait’s Agility rise 22% to $61m in 2024

Kuwait-based logistics specialist Agility said first-quarter 2024 earnings rose 22 percent year on year to KD18.7 million ($61 million) Revenue increased nearly 5 percent year on year to KD336 million, the company said in a statement published on Boursa Kuwait. The company reported an operating cash flow of KD26 million for the first quarter. Assets stood at […]