Talabat delivered a strong Q3 2025, posting 27% year on year GMV growth to USD 2.4 billion and a 31 percent rise in revenue to USD 1.0 billion.
Adjusted net income reached USD 112 million, up 15%, while adjusted EBITDA rose 21% to USD 154 million, equal to 6.4% of GMV.
Growth came from higher order volumes across GCC and non-GCC markets, continued expansion of Talabat Pro which now accounts for nearly half of GMV, and an accelerated adtech push that contributed more than half of adjusted EBITDA.
Food delivery grew nearly 20% year on year, and grocery and retail expanded more than 40%, with GCC markets representing 81 percent of total GMV.
Talabat reaffirmed its full-year outlook, guiding for GMV growth of 27 to 29% and revenue growth of 29 to 32%.
Instashop, which Talabat acquired for USD 32 million in March 2025 and consolidated into its accounts from late February, continues to lag the broader group.
The platform recorded 9% GMV growth year on year at constant currency to USD 157 million, supported by higher order frequency, but profitability remains under pressure.
Adjusted EBITDA declined 65 percent to USD 0.8 million, with margins narrowing to 0.5 percent of GMV. Adjusted net income fell 38% to USD 1.3 million as restructuring and cost efficiency efforts continue.
