Talabat has unveiled its financial performance for the first quarter of 2026, reporting a 23% jump in revenue to reach $1 billion. While net income fell by 18% to $87 million compared to the previous year, the company saw a healthy 19% increase in Gross Merchandise Value (GMV), totaling $2.7 billion. This growth was largely fueled by a significant rise in order volumes and successful efforts to bring new customers onto the platform, particularly during the Ramadan and Eid seasons. The company also noted that its status as a dependable multi-vertical service provider proved vital as regional uncertainties prompted a shift toward remote work and distance learning across its core markets.

CEO Toon Gyssels highlighted the resilience of the firm’s operating model, noting that teams remained focused on service continuity and safety despite a challenging regional landscape. Bolstered by strong demand and a less intense competitive environment, Talabat has decided to increase its full-year net income guidance by $20 million, now projecting between $300 million and $330 million. With a clear investment strategy already in motion and solid growth across both GCC and non-GCC territories, the company remains confident in its ability to provide long-term value to shareholders while maintaining its position as a daily essential for consumers.