Delivery Hero slightly lifts annual GMV outlook

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[1/2]Andreas Harte, a Foodora delivery cyclist poses in front of Delivery Hero headquarters in Berlin, Germany, June 2, 2017..

Nov 14 (Reuters) - German online takeaway food company Delivery Hero (DHER.DE) slightly raised its full-year outlook on Tuesday after reporting a better-than-expected gross merchandise value (GMV) for the third quarter...

The group generated a quarterly GMV, a common metric for delivery firms, of 11.69 billion euros ($12.50 billion), beating analysts' estimate of 11.57 billion in a company-compiled consensus...

After the pandemic-driven boost to orders, Delivery Hero has focused on reaching long-awaited profitability amid sustained growth, as investor confidence in the rapidly expanding but mostly unprofitable sector started to wane...

Delivery Hero, which reports earnings numbers only on a half-year and annual basis, said its key Asia-Pacific business reached a positive adjusted EBITDA before group costs in the month of October...