Overview

* D-MARKET Q3 revenue increased by 22.1% year-over-year

* Company's EBITDA decreased by 74.3% compared to Q3 2024

* Net loss for Q3 increased to TRY 1,324.8 mln from TRY 409.7 mln in Q3 2024

* Company announced a share capital increase of TRY 4.17 bln

Outlook

* Company focuses on improving growth momentum and disciplined execution in Q4 2025

Result Drivers

* REVENUE GROWTH - Revenue increased by 22.1% due to growth in 1P sales and delivery services

* EBITDA DECLINE - EBITDA decreased by 74.3% due to increased advertising expenses and investments in growth projects

* NET LOSS INCREASE - Net loss widened due to higher financial expenses and increased advertising costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 TRY

Revenue 19.91

bln

Q3 Net -TRY

Income 1.32 bln

Q3 TRY

EBITDA 173.80

mln

Q3 Free TRY 2.58

Cash bln

Flow

Q3 GMV TRY

61.40

bln

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)