Earnings release
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Quarterly Statement Q1 2021 Delivery Hero Delivery Hero reports a strong first quarter 2021 and sets total segment revenue guidance at EUR 6.1-6.6 billion for the full year Continuing its strong growth trajectory , Delivery Hero's orders are up 88 % YoY to 663 million in Q1 2021 , with Gross Merchandise Value ( GMV ) up 83 % YoY at EUR 7.8 billion and total segment revenue up 116 % YoY at EUR 1.4 billion , making it the ninth consecutive quarter with YoY revenue growth of around 100 % Exceptional growth of quick commerce with Integrated Verticals GMV growing by 323 % YoY . Other highlights on a segment level include : increase of 116 % YoY in terms of segment revenues in Asia ; highest order growth in MENA since Q1 2018 at 65 % YoY ; 137 % YoY increase in segment revenue in Europe ; fourth consecutive quarter with order growth above 100 % YoY in the segment Americas Looking ahead , Delivery Hero sets an ambitious guidance for the full year 2021 with a GMV target of between EUR 31 billion and EUR 34 billion , total segment revenue of between EUR 6.1 billion and EUR 6.6 billion , and adjusted EBITDA / GMV margin of between -1.5 % and -2.0 % - Berlin , 28 April 2021 Delivery Hero SE ( " Delivery Hero " ) , the world's leading local delivery platform , today published its financial results for Q1 2021 and gave guidance for the financial year 2021. To provide a better picture of the group profile , financials for the first quarter and the outlook for the financial year 2021 include Woowa on a pro forma basis from 1 January 2021 , and exclude Delivery Hero Korea from the same date onwards , for comparison this also applies to historic data . Orders in the first quarter of 2021 increased to a record 663 million ( + 88 % YoY ) . Own - delivery accounted for 48 % of those orders ( compared to 38 % in Q1 2020 on a pro forma basis ) . GMV increased 83 % YoY to EUR 7.8 billion , while revenues grew 116 % YoY to EUR 1.4 billion , making Q1 2021 the ninth consecutive quarter where revenue growth is around 100 % YoY . Niklas Östberg , CEO and Co - Founder of Delivery Hero , said : " The first quarter of 2021 marked the start of yet another promising year for Delivery Hero , exceeding orders from Q4 2020 by 53 million to reach 663 million in Q1 2021. After welcoming Woowa to the Delivery Hero family in March , the group celebrated the milestone of processing a record of 100 orders per second in a single day on average in April . Looking ahead , there are many industry trends that provide ample growth opportunities for our