Earnings ·
Hepsiburada reports Q3 net loss of TRY 2,571.8 million as EBITDA turns negative
HEPSD-MARKET Electronic Services & Trading
D-MARKET Electronic Services & Trading (d/b/a Hepsiburada) reported a third-quarter net loss of TRY 2,571.8 million, widening from TRY 1,718.8 million in the prior-year period. Revenue decreased 6.1% to TRY 24,264.9 million, while Gross Merchandise Value (GMV) fell 6.6% to TRY 62.0 billion. EBITDA turned negative at minus TRY 134.1 million compared to a positive TRY 225.4 million previously, driven by higher shipping and advertising expenses. Free cash flow dropped 73.5% to TRY 888.9 million. The company operates as a leading Turkish e-commerce platform.