DeliveryHero

Delivery Hero Faces Stock Decline After Spanish Courts Classify Drivers as Employees

20 days ago

In a significant development for the gig economy, Delivery Hero's shares took a sharp downturn following a ruling by a Spanish court that classified its delivery drivers as employees rather than independent contractors. This landmark decision underscores ongoing debates surrounding worker rights in the evolving landscape of on-demand services.

Delivery Hero CEO Says Talabat IPO Reveals Undervaluation of Parent Company

21 days ago

In a recent statement, Delivery Hero’s Chief Executive Officer, Niklas Östberg, emphasized that the initial public offering (IPO) of its Middle Eastern subsidiary, Talabat, has unveiled a significant disparity in market valuation between the German parent company and its assets. This comment comes in the wake of Talabat's successful public offering, which has heightened discussions about Delivery Hero's stock performance and overall market presence.

Dubai's Delivery Hero Plans a High-Stakes IPO for Talabat, Targeting $1.5 Billion

1 month ago

The culinary landscape of the Middle East is set for a significant shift as Delivery Hero AG, a leading global food delivery service, moves forward with plans to initiate an Initial Public Offering (IPO) for its subsidiary, Talabat. This IPO could potentially raise around $1.5 billion, signaling a major financial endeavor for the company and its stakeholders in the UAE.

Delivery Hero Adjusts Earnings Forecast for 2024, Anticipating Lower Revenues

1 month ago

In a recent announcement, Delivery Hero, a leading global food delivery service, has revised its earnings expectations for 2024, indicating that it will likely achieve results at the lower end of its previously stated forecast. This adjustment comes as the company grapples with shifting market dynamics and evolving consumer behavior in the competitive landscape of the food delivery sector.