Reported 18 days ago
Delivery Hero, owner of Glovo and foodpanda, anticipates its annual gross merchandise value (GMV) growth to reach the upper end of its 7%-9% forecast, fueled by a 9% year-on-year rise in the third quarter. The company reported a total GMV of 12.2 billion euros for the quarter, with significant growth in the MENA region, while also planning enhancements to in-app advertising on Glovo to support restaurant sales. However, it expects adjusted core earnings to be at the lower end of its forecast.
Source: YAHOO