Talabat Raises 2026 Outlook Again After Strong Third-quarter Performance

05:35 AM EST, 11/13/2026 (MT Newswires) -- Talabat (DFM:TALABAT) upgraded its full-year 2026 guidance again, citing better-than-expected third-quarter top-line growth due to robust summer and back-to-school demand and the ongoing execution of its strategic investment plan. The online food delivery company said Friday it now expects constant-currency revenue growth of 19% for 2026, against the prior target of 16% to 18%. Meanwhile, its net income forecast range was raised to between $360 million and $370 million, versus the previous guidance of $325 million to $355 million. "Building on the strong momentum in the first half of the year, growth accelerated in the third quarter, in both our Food and Grocery & Retail verticals and across our markets. We expect it to accelerate further in the fourth quarter, and this sustained performance gives us the confidence to raise our full-year guidance for the second time this year," Chief Executive Officer Toon Gyssels said. For the three months ended Sept. 30, revenue grew 18% year over year to $1.19 billion, or up 19% at constant currency, bolstered by a higher share of own-grown revenue and partly offset by lower commission rates, increased customer incentives and lower fees from increased talabat pro adoption. The company noted that its revenue growth outpaced its gross merchandise value for the quarter, though the metric was up 16% year on year to $3 billion, or 17% higher at constant exchange rates, due to a growing client base, larger baskets, and greater order frequency. Meanwhile, net income fell 15% on an annual basis to $102 million, as ongoing investments affected adjusted EBITDA, while non-operating cost margins were "largely stable." Talabat's Dubai-listed stock was marginally down at Friday midday trading.