Earnings ·
D-MARKET Electronic Services & Trading, operating as Hepsiburada, reported unaudited financial results for the second…
HEPSD-MARKET Electronic Services & Trading
D-MARKET Electronic Services & Trading, operating as Hepsiburada, reported unaudited financial results for the second quarter ended June 30, 2026. Gross merchandise value increased 2.8% to TRY 56.7 billion, while revenue rose 3.1% to TRY 22,810.9 million. The company recorded a net loss of TRY 1,889.6 million compared to TRY 956.2 million in the prior year period, driven by increased advertising and shipping expenses. EBITDA decreased significantly to TRY 239.2 million from TRY 976.9 million, with EBITDA margin contracting to 0.4% of GMV. Free cash flow fell 65.5% to TRY 1,553.2 million. The company operates in the Turkish e-commerce and digital services industry.