Talabat has raised its 2026 growth guidance after reporting stronger revenue and gross merchandise value (GMV) in the first half of the year.
The Dubai-listed food delivery company said first-half revenue rose 19% year on year to $2.2B, supported by growth in Talabat Mart and digital advertising. GMV increased 15% to $5.6B, driven by higher order volumes.
Second-quarter revenue grew 16% to $1.14B, while GMV rose 11% to $2.92B. Talabat said the timing of Eid Al-Fitr affected the quarterly comparison, with the holiday falling 10 days earlier in 2026.
The company raised its full-year GMV growth forecast to 13-15%, from 11-14%, and its revenue growth forecast to 16-18%, from 14-17%. It also increased its adjusted EBITDA guidance to $535M-$565M and net income guidance to $325M-$355M.
Net income fell 18% to $186M in the first half, which Talabat attributed partly to a $120M investment programme covering Talabat Mart’s dark-store and supply-chain network, Talabat Pro benefits and new retail services.
Active partners increased 14% to about 97,000 in the second quarter, while the active rider network grew 25% to approximately 189,000.
Source: AGBI
