In 50 Words: Delivery Hero reports 9% GMV growth

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In 50 Words: Delivery Hero reports 9% GMV growth, upgrades 2023 forecast

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In 50 Words: Delivery Hero reports 9% GMV growth, upgrades 2023 forecast

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Delivery Hero recorded a 9% rise in gross merchandise value (GMV) year on year to US$12.5 billion for the third quarter of 2023.

The company, which operates Foodpanda in Southeast Asia, upgraded its GMV guidance for the year and affirmed its goal of hitting free cash flow breakeven by the second half of 2023.

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