talabat lifts 2026 outlook after orders grow, but Q2 profit falls 18%
Dubai: talabat raised its full-year 2026 guidance across all key financial metrics after first-half growth came in ahead of its earlier expectations, even as second-quarter profit fell 18% amid continued investment in groceries, loyalty and its wider everyday app strategy. The delivery platform now expects full-year gross merchandise…
Dubai's delivery platform talabat has boosted its 2026 financial projections, citing strong first-half growth and increasing revenue, despite a 18% decline in second-quarter profit. The company now anticipates full-year gross merchandise value growth of 13-15%, up from the previous 11-14% forecast. Revenue growth is projected to range between 16-18%, with adjusted EBITDA expected to fall between $535 million and $565 million.
Adjusted EBITDA for the second quarter declined 13% year-over-year to $147 million, while net income fell 18% to $100 million. Talabat's groceries and loyalty programs have played a significant role in the growth, accounting for over 75% of GMV in the quarter. The non-GCC markets, including Egypt, Jordan, and Iraq, showed faster growth, with GMV rising 41% to $642 million, contributing 22% to the total GMV.
Written by urgent.news from Gulf News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
