Talabat Projects Increased Income by 2026 Following Strong Q1

May 12, 2026

88 min

May 12, 2026 10:31

talabat sees higher income in 2026 as spike in orders drive strong Q1 growth

## Strong Q1 Performance

Dubai-based delivery service Talabat has revised its net income forecast for 2026 upwards after experiencing significant growth in the first quarter of the year. The company reported a 19% increase in gross merchandise value (GMV), reaching $2.7 billion, and a 23% rise in revenue to $1 billion by March 31.

## Factors Driving Growth

The growth was attributed to increased order volumes and customer expansion, particularly during Ramadan and Eid. The demand for home deliveries surged due to ongoing regional tensions, which led to more flexible work-from-home and distance learning arrangements.

## Regional Demand and Market Expansion

Talabat's GMV in Gulf Cooperation Council (GCC) markets rose by 12% to $2.1 billion, making up 79% of the total GMV. Non-GCC markets saw a 52% increase, reaching $563 million. The company's multi-vertical delivery platform has been instrumental in meeting the rising demand.

## Financial Outlook

Despite a 9% decline in adjusted EBITDA to $130 million, Talabat increased its full-year net income forecast by $20 million, now expecting between $300 million and $330 million. The company plans to continue investing in its "Everyday App" ecosystem, with $120 million earmarked for grocery expansion and customer engagement initiatives this year.

## Subscription and Service Expansion

Talabat is also expanding its subscription service, Talabat Pro, offering additional benefits such as discounts and partnerships with streaming and ride-hailing services. The company aims to enhance customer engagement through new retail and service categories.

## Future Plans

Talabat reaffirmed its guidance for GMV growth of 11% to 14%, revenue growth of 14% to 17%, and adjusted EBITDA between $510 million and $540 million. The company also plans to initiate a share buyback program, allowing repurchases of up to 5% of issued share capital over two years.

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