Delivery Hero SE

DHER: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Delivery Hero Earnings: 2026 Growth Is Expected To Decelerate; Lowering Fair Value Estimate 15%

Verushka Shetty

Mar 26, 2026

Delivery Hero’s full-year 2025 results included a 30% adjusted EBITDA increase to EUR 903 million, at the lower end of its EUR 900 million-940 million target. Free cash flow totaled EUR 250 million. Shares were flat intraday March 26.

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Delivery Hero SE

Delivery Hero Earnings: 2026 Growth Is Expected To Decelerate; Lowering Fair Value Estimate 15%

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