D-MARKET Q1 Revenue Jumps 22.9%, EBITDA Doubles, But Net Loss Widens to TRY 992M
summarizeSummary
D-MARKET Electronic Services & Trading reported mixed first-quarter results, with revenue increasing 22.9% year-over-year to TRY 23.1 billion and EBITDA more than doubling to TRY 420.3 million. Despite strong top-line growth driven by a 28.4% rise in GMV, the company's net loss widened significantly to TRY 992 million due to higher operating expenses and financial costs. This continues a trend of widening net losses, as highlighted in the recent 2025 annual report. While revenue and EBITDA growth are positive, the persistent profitability challenges are a key concern for investors. Traders will be watching for future reports to see if the company can bring expenses under control and narrow its losses.
At the time of this announcement, HEPS was trading at $2.79 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $893.4M. The 52-week trading range was $2.15 to $3.33. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.