Turkey's Hepsiburada Q4 revenue up 17.8%, net loss widens
Overview
Turkish e-commerce platform's Q4 revenue rose 17.8% yr/yr
Net loss for Q4 widened to TRY 3,082.3 mln from TRY 875.8 mln in Q4 2024
Free cash flow increased by 79.3% to TRY 3,468.1 mln in Q4 2025
Outlook
Company to align reporting metrics with Kaspi definitions starting Q1 2026
Result Drivers
REVENUE GROWTH - Driven by 10.5% increase in GMV and strategic marketing initiatives
NET LOSS - Due to increased advertising and financial expenses related to credit card installments
Company press release: ID:nGNX11P2nH
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue |
| TRY 27.97 bln |
|
Q4 Net Income |
| -TRY 3.08 bln |
|
Q4 EBITDA |
| TRY 1.14 mln |
|
Q4 Free Cash Flow |
| TRY 3.47 bln |
|
Q4 GMV |
| TRY 85.3 bln |
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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