Latest news with #GMVgrowth
Khaleej Times
7 days ago
- Business
- Khaleej Times
Talabat lifts 2025 outlook after strong growth in Q2
Talabat Holding has reported strong financial results for the second quarter of 2025, prompting the Mena region's leading online ordering and delivery platform to raise its full-year guidance. The company posted a 32 per cent year-on-year increase in gross merchandise value (GMV) to $2.4 billion, with revenue up 35 per cent to $982 million. On a constant currency basis, GMV growth reached 33 per cent and revenue climbed 36 per cent. Adjusted Ebitda rose 31 per cent to $166 million, maintaining a 6.8 per cent margin, while net income jumped 33 per cent to $119 million, or 4.9 per cent of GMV. Adjusted net income, excluding non-recurring items, grew 25 per cent to $116 million, representing a margin of 4.8 per cent despite higher corporate income tax rates in the GCC. Strong cash generation saw adjusted free cash flow rise by 47 per cent to $190 million, equivalent to 7.8 per cent of GMV. Performance was driven by top-line growth across GCC markets — including the UAE, Kuwait, Qatar, Bahrain and Oman — as well as non-GCC markets such as Egypt, Jordan and Iraq. Both the Food and Grocery & Retail verticals delivered strong results, supported by accelerated customer acquisition, increased order frequency, and a surge in adoption of the Talabat pro premium subscription programme. The UAE, Talabat's largest market, maintained growth in line with the overall group, while Kuwait, its most established market, delivered over 20 per cent growth for both the quarter and the first half. The company also reported a favourable shift in its GMV geographical mix, with non-GCC markets rising to 17 per cent of total GMV from 14 per cent a year earlier. The GMV-to-revenue conversion ratio improved to 40 per cent from 39 per cent, driven by a higher share of tMart and subscription revenues. Although gross profit margins were impacted by a product mix shift, these were offset by improved cost efficiencies. In light of the strong momentum, Talabat has revised its 2025 guidance upward. It now expects GMV growth of 27–29 per cent on a constant currency basis, compared with the earlier forecast of 17–18 per cent, and revenue growth of 29–32 per cent versus the previous 18–20 per cent. Adjusted Ebitda margin is projected at 6.5 per cent, net income margin at 5.0 per cent, and adjusted free cash flow at 6.0 per cent. Chief Executive Officer Tomaso Rodriguez said the results reflect Talabat's success in expanding its groceries and retail verticals, strengthening customer loyalty, and sustaining strong growth in both core GCC and newer non-GCC markets. He added that the company's outlook for the remainder of 2025 remains strong across all operating metrics.
Arabian Business
12-08-2025
- Business
- Arabian Business
talabat revises GMV and revenue guidance by double-digit points after strong Q2
talabat Holding, the leading on-demand online ordering and delivery platform in the MENA region, revised its guidance upwards for the remainder of the year after posting strong second-quarter and first six months numbers. For Q2 2025, Gross Merchandising Value (GMV) grew 32 per cent versus the prior year to reach US$2.44 billion. On a constant currency basis, GMV grew at a faster rate of 33 per cent. Revenue grew 35 per cent, and 36 per cent on a constant currency basis, to reach US$982 million. Adjusted EBITDA grew 31 per cent to US$166 million, or 6.8 per cent of GMV, while net income grew 33 per cent to US$119 million or 4.9 per cent of GMV. Talabat raises full-year growth forecast For H1 2025, GMV grew 31 per cent to reach US$4.52 billion, while revenue grew 34 per cent to US$1.83 billion. Adjusted EBITDA was up 32 per cent to US$305 million (6.8 per cent of GMV), and net income increased 90 per cent to US$222 million (4.8 per cent of GMV). In a statement, talabat said that demand growth reflected accelerated customer acquisition and increased average order frequency. The strong results were supported by the unwind of Ramadan's impact seen in the first quarter versus the prior-year comparison period. talabat said it was confident of continued growth and has revised guidance upwards for the full year. GMV growth is now expected to be in the 27-29 per cent range on a constant currency basis (previously 17-18 per cent), revenue growth of 29-32 per cent on a constant currency basis (previously 18-20 per cent), adjusted EBITDA margin will be 6.5 per cent (previously 6.5-7.0 per cent), while net income margin will be 5.0 per cent (previously 5.0-5.5 per cent). Tomaso Rodriguez, Chief Executive Officer of talabat, commented: 'We have achieved another strong quarter of financial and operational results, fuelled by significant customer acquisition and increased order frequency. Our ongoing commitment to enhancing the consumer value proposition, expanding our Groceries and Retail vertical and fostering deeper customer loyalty is clearly yielding results. 'We are particularly pleased with the strong uptake of talabat pro, our premium subscription loyalty programme, across all markets, alongside strong growth in demand within our non-GCC markets. 'This growth complements the continued strength of our core GCC markets and the strong performance of our Food vertical. 'The UAE, our largest market, maintained its robust growth trajectory in line with the overall pace of the Group. Kuwait, our most established market, delivered impressive growth of over 20 per cent for both the quarter and the first half of the year. Likewise, our Food vertical grew more than 20 per cent year-on-year, reinforcing its strong contribution to our overall growth. 'With this momentum, we are confident in our outlook and are pleased to raise our full-year guidance across all metrics.' On a normalised basis, adjusting for material non-recurring items to allow for a like-for-like comparison, net income grew 25 per cent to US$116 million, led by strong performances across both GCC markets (UAE, Kuwait, Qatar, Bahrain and Oman) and non-GCC markets (Egypt, Jordan and Iraq), as well as across both the Food and Grocery & Retail verticals. talabat's Adjusted Free Cash Flow reached US$190 million, up 47 per cent YoY, and equivalent to 7.8 per cent of GMV, up from US$129 million from Q1 2024.
Yahoo
01-08-2025
- Business
- Yahoo
eBay delivers strong Q2 2025 financial performance, beating expectations
E-commerce company eBay has reported a robust second quarter (Q2) of 2025, surpassing both consensus forecasts and the upper limits of its own financial projections across all major metrics. In Q2, which ended on 30 June 2025, revenue was $2.7bn, a 6% rise on an as-reported basis and a 4% increase on a foreign exchange (FX)-neutral basis. It posted a gross merchandise volume (GMV) growth of 4% to $19.5bn. The company's generally accepted accounting principles (GAAP) net income from continuing operations stood at $369m, translating to $0.79 per diluted share, while non-GAAP net income from continuing operations reached $643m, or $1.37 per diluted share. eBay CEO Jamie Iannone stated: "eBay delivered another strong quarter, with results exceeding expectations across the board. "Our momentum reflects the strength of our strategic execution and the resilience of our marketplace. We remain focused on driving long-term growth and creating lasting value for our shareholders." eBay introduced several innovations and collaborations in Q2. eBay Live was launched in the UK and the US, offering livestream shopping and collector-focused experiences. An AI shopping agent was announced to provide hyper-personalised product recommendations to a select group of US customers. eBay also unveiled a generative AI video tool for US sellers, aimed at enhancing social media reach. eBay's authenticity guarantee programme surpassed one million inspected items in a quarter. eBay chief financial officer Peggy Alford stated: "With a strong balance sheet, focused strategic priorities and a world-class team, we are well positioned to thrive in our next phase of growth. I'm committed to driving operational excellence and disciplined capital allocation to support our long-term ambitions and unlock meaningful value for our shareholders." eBay has provided guidance for Q3 2025, with revenue expected to be between $2.69bn and $2.74bn, 3% to 5% FX-neutral year-on-year growth and GMV between $19.2bn and $19.6bn. Foreign exchange is expected to provide a boost of 1.2 percentage points to reported revenue growth based on prevailing rates. Current exchange rates suggest that foreign exchange could contribute 1.7 percentage points to GMV growth. The company's guidance takes into account potential disruptions from new tariffs and the possible removal of de minimis exemptions in various trade routes. "eBay delivers strong Q2 2025 financial performance, beating expectations" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
15-07-2025
- Business
- Globe and Mail
SHOP's Merchants Drive GMV Higher: Is Growth Thesis Strengthening?
Shopify SHOP is benefiting from strong growth in its merchant base, which is driving its Gross Merchandise Volume (GMV) higher. This growth in GMV reinforces its position as a leading e-commerce platform, attracting both new merchants and deepening relationships with existing ones. Building on this momentum in the first quarter of 2025, GMV was $74.75 billion, which increased 22.8% year over year. Same-store sales growth from existing merchants, a higher number of merchants on SHOP's platform, and strong growth in Europe drove GMV in the reported quarter. Shopify's ability to consistently deliver GMV growth of more than 20% for seven consecutive quarters underscores the strength of its platform and its ability to support merchants in scaling their businesses. This impressive GMV growth is further supported by new merchant-friendly tools, such as Shop Pay, Shopify Pay Instalments, Sign in with Shop and the Shop App solutions, which are helping the company to win new merchants regularly. Shopify Payments itself is gaining traction, with GMV penetration reaching 64% in the first quarter of 2025. Shop Pay's GMV soared 57% year over year, processing over $22 billion, while Shop App native GMV skyrocketed 94% year over year and 84% sequentially in the first quarter of 2025. SHOP Faces Stiff Competition SHOP faces stiff competition in the e-commerce space from companies like MercadoLibre MELI and eBay EBAY. MercadoLibre's rising GMV is acting as a key catalyst. In the first quarter of 2025, MercadoLibre reported GMV of $13.3 billion, which jumped 17% year over year and 40% on a FX-neutral basis. With such strong growth, MercadoLibre continues to strengthen its position in the Latin American e-commerce market. To accelerate GMV, eBay continues to make strong efforts to deliver a better buying and selling experience to both buyers and sellers. In the first quarter of 2025, EBAY's total GMV of $18.8 billion exhibited year-over-year growth of 1% on a reported and 2% on an FX-neutral basis. SHOP's Share Price Performance, Valuation and Estimates Shopify shares have risen 9.8% year to date, outperforming the broader Zacks Computer & Technology sector's return of 7.4%. The Zacks Internet Services industry declined 2.7% in the same time frame. SHOP Stock Performance Image Source: Zacks Investment Research SHOP stock is trading at a premium, with a forward 12-month Price/Sales of 12.66X compared with the industry's 5.39X. SHOP has a Value Score of F. Price/Sales (F12M) The Zacks Consensus Estimate for second-quarter 2025 earnings is pegged at 28 cents per share, which has remained unchanged over the past 30 days. This represents a 7.69% year-over-year increase. The consensus mark for 2025 earnings is pegged at $1.40 per share, unchanged over the past 30 days, suggesting 7.69% year-over-year growth. SHOP currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report eBay Inc. (EBAY): Free Stock Analysis Report MercadoLibre, Inc. (MELI): Free Stock Analysis Report Shopify Inc. (SHOP): Free Stock Analysis Report
