Prime Highlights
- Uber Technologies agrees to acquire Delivery Hero in a €12.7 billion ($14.53 billion) deal, combining ride-hailing, food delivery, and quick-commerce across 99 countries.
- Saudi Arabia emerges as a key market, with subscribers generating 61 percent of total order value, the highest share group-wide.
Key Facts
- Delivery Hero’s Q1 2026 total order value rose 8.8 percent year-on-year to €12.5 billion, with quick-commerce order value up 30 percent.
- HungerStation leads Saudi Arabia’s market with about 40 percent share; the deal is expected to close in the second half of 2027.
Background
Uber Technologies has agreed to acquire Germany’s Delivery Hero for €12.7 billion ($14.53 billion), a deal set to reshape the global food delivery and quick-commerce industry.
Al-Eqtisadiah’s financial analysis unit found that Saudi Arabia now stands out as one of Delivery Hero’s most valuable markets, holding the group’s highest subscription rate.
Uber will pay €41.5 per share, bringing ride-hailing, food delivery, and quick-commerce onto one platform across 99 countries, with a combined total order value of $236 billion in 2025.
The deal follows a strong first quarter for Delivery Hero. Total order value rose 8.8 percent year-on-year to €12.5 billion, while revenue grew 17.8 percent to €3.73 billion. Quick-commerce order value jumped 30 percent, now making up 18 percent of the total.
In Saudi Arabia, subscribers generated 61 percent of total order value, the highest share across any Delivery Hero market. Total order value across the Middle East and North Africa grew 16.1 percent, driven by the HungerStation and Talabat apps.
Competition remains strong in Saudi Arabia. HungerStation held about 40 percent of the market by late 2025, ahead of Keeta at 33 percent and Jahez above 20 percent.
Through this deal, Uber gains a direct foothold in the Saudi market via HungerStation. In a separate transaction, US firm SSW Partners will take over Delivery Hero’s operations in 14 other markets where the two companies compete, for €1.4 billion. Completion of the overall deal is targeted for the latter half of 2027.
