Delivery Hero Order Numbers Double
July 3, 2020
Delivery Hero touted recent growth amidst the COVID-19 pandemic, covering preliminary Q2 2020 financials for orders and Gross Merchandise Value (GMV).
Key Performance Indicators 2020
Order numbers for the Group in the second quarter of 2020 increased by 94 percent compared to the same quarter 2019. The increase in GMV stood at 64 percent compared Q2 prior year. For both metrics, growth in Q2 2020 was up sequentially to Q1 2020.
7-Days-Rolling Average Order Trends
After an initial decline from COVID-19 lock-downs, growth has stabilized and is up 23% compared to March 11 (when COVID-19 was declared a global pandemic). Most markets are no longer subject to curfews with exceptions of some markets, i.e. evening curfew in Kuwait and after midnight in Jordan.
Expected timing unchanged for Woowa partnership
Approval of the strategic partnership with Woowa is continued to be expected in H2 2020.