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Talabat's Q3 Net Profit Declines; Revenue Up

MT Newswires·11/12/2026 23:38:43
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11:38 PM EST, 11/12/2026 (MT Newswires) -- Talabat (DFM:TALABAT) logged $102.4 million in net profit for the third quarter, compared with $120.9 million a year ago. EPS moved to $0.44 from $0.52 year over year, a Friday filing showed. For the three months ended Sept. 30, revenue was $1.19 billion versus $1 billion previously, the Dubai-listed online food delivery company added. Looking ahead, the company now expects 2026 revenue growth of 19% at constant currency, compared with the prior outlook of 16% to 18%. For net income, talabat raised its forecast range to between $360 million and $370 million, from the previous $325 million to $355 million.