Delivery Hero reports first-ever full-year profit of €253.3M in 2023, exceeding expectations with 9% revenue increase to €10.5B.

Shares of Delivery Hero increased after the company reported its first-ever full-year profit in 2023, exceeding analyst expectations with an adjusted EBITDA of €253.3 million ($271.1 million). The Berlin-based firm, which owns food delivery platforms such as Foodpanda and Glovo, experienced a 9% increase in total segment revenues to €10.5 billion ($11.2 billion) during the year. Delivery Hero CEO, Niklas Ostberg, expressed his satisfaction with retaining the Foodpanda brand in Southeast Asia.

February 14, 2024
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