Delivery Hero beats Q1 estimates on strong Quick Commerce growth

Delivery Hero reported first-quarter 2026 results on Wednesday, beating expectations as its quick-commerce business continued to grow rapidly.

The company said group GMV rose 8.8% year over year on a like-for-like basis to €12.5 billion. Quick Commerce GMV jumped 30% and accounted for 18% of group GMV.

Segment revenue increased 17.8% to €3.7 billion. The company also confirmed its full-year 2026 outlook and said it expects adjusted EBITDA to land in the upper half of guidance.

The results point to a business that is still growing fastest in the convenience-delivery segment, even as broader delivery markets remain competitive. The company’s Everyday App strategy and Quick Commerce momentum were the main drivers highlighted in the release.

Investors will now be looking for whether the strong first-quarter trend continues into the rest of the year and whether management gives additional detail in follow-up commentary.