Earnings release
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Quarterly Statement Q3 2021 Delivery Hero Delivery Hero continues strong growth trajectory in Q3 2021 and strengthens leadership position in quick commerce with accelerated Dmart roll - out Strong quarterly performance with total segment revenue rising by 89 % YoY , corresponding to the best increase in the industry Gross Merchandise Value ( GMV ) increased by 65 % YoY and by 14 % QOQ , seeing Delivery Hero grow significantly faster than listed peers Accelerated Dmart roll - out with the opening of +174 warehouses up to now 861 Moved full - year 2021 GMV and total segment revenue guidance to the upper end of the previously announced range Berlin , 11 November 2021 Delivery Hero SE ( " Delivery Hero " or " Company " ) , the world's leading local delivery platform , concludes the third quarter of 2021¹ with a total segment revenue increase of 89 % YOY , hitting EUR 1.8 billion . The GMV is up 65 % YoY to a total of EUR 9.6 billion . During the full quarter , the Company processed an unprecedented 791 million orders ( + 52 % YoY ) . The performance of the Integrated Verticals² segment in Q3 2021 was driven by an accelerated Dmart roll - out , launching 174 new warehouses worldwide , following an accretion of 84 Dmarts in the previous quarter . Totaling a staggering number of 861 stores at the end of September , and a GMV run - rate of EUR 1.2 billion , Delivery Hero's Dmart business is one of the largest in the industry . Based on the Q3 results , the Company's outlook for 2021 previously raised in the second quarter was now further moved to the upper end of EUR 33 to 35 billion GMV and the total segment revenue adjusted to the upper end of EUR 6.4 to 6.7 billion . The expected adjusted EBITDA / GMV margin confirms at around -2 % . ¹ To provide a better picture of the group profile , financials for the current business year include Woowa on a pro forma basis from 1 January 2021 , and exclude Delivery Hero Korea from the same date onwards , which , for comparison , also applies to historic data . 2 The segment Integrated Verticals captures the business where Delivery Hero acts as a principal ( Dmarts and Delivery Hero kitchens ) . 1