Talabat, the Dubai-headquartered on-demand delivery platform, has announced strong financial results for the third quarter of 2025, demonstrating significant growth across all key metrics. The company has also reiterated its upwardly revised guidance for the full year, signaling confidence in its continued momentum.
Key Financial Highlights
For the three-month period ending September 30, 2025, Talabat’s Gross Merchandise Value (GMV) surged by 27% on a constant currency basis, reaching $2.4 billion. This growth was mirrored in its revenue, which climbed 32% to $1.0 billion for the quarter.
The company’s profitability also saw a healthy increase, with Adjusted EBITDA growing 21% to $154 million, representing 6.4% of GMV. Adjusted Net Income rose by 15% year-on-year to $112 million.
Growth Across Verticals and Markets
Talabat’s robust performance was driven by strong order volume growth across all its markets. The company reported double-digit growth in its core GCC segment (UAE, Kuwait, Qatar, Bahrain, and Oman) and even faster growth in its non-GCC markets (Egypt, Jordan, and Iraq).
The expansion was not limited to geography, as both the Food and the Grocery & Retail (G&R) verticals experienced significant increases. The core Food vertical grew nearly 20% year-on-year, while the newer Grocery and Retail vertical expanded by over 40%.
Surging Customer Engagement and Pro Adoption
Tomaso Rodriguez, Chief Executive Officer of Talabat, highlighted the platform’s deepening engagement with its user base as a key factor in its success.
“Engagement levels have never been higher, with more than one in three customers now using multiple verticals, ordering both food and groceries through our app,” Rodriguez stated. “Over a quarter of our monthly active users are talabat pro subscribers, driving nearly half of total gross merchandise value.”
He noted that the company’s ecosystem now includes over 80,000 vendors and a fleet of more than 160,000 riders, underscoring the platform’s extensive scale across the region.
Reaffirming A Confident Outlook
Looking ahead, Talabat has reaffirmed its full-year guidance. The company expects GMV growth to be in the 27-29% range, with revenue growth anticipated between 29-32% on a constant currency basis.
The company also projects an Adjusted EBITDA margin of 6.5% and a minimum dividend payout of $400 million, reinforcing its position as a profitable and sustainable leader in the MENA region’s tech landscape.
About Talabat
Talabat is the leading on-demand delivery platform in the Middle East and North Africa (MENA) region, offering customers a convenient and personalized way to order food, groceries, and other convenience products from a wide selection of restaurants and retailers. Founded in Kuwait in 2004, Talabat has expanded its operations to cover the United Arab Emirates, Kuwait, Qatar, Egypt, Bahrain, Oman, Jordan and Iraq, serving over six and a half million active customers as of December 2024.
Source: Zawya
