Hepsiburada's Q2 2025 Results Reflect Market Recovery Efforts
Hepsiburada Reports Strong Growth in Q2 Financial Results
The leading Turkish e-commerce platform, D-MARKET Electronic Services & Trading, known as Hepsiburada (NASDAQ: HEPS), has announced its unaudited financial results for the second quarter ended June 30, 2025. This quarter has marked significant progress for the company amidst a challenging economic backdrop.
Key Financial Metrics in Q2 2025
Hepsiburada's gross merchandise value (GMV) experienced an impressive increase of 11.9%, reaching TRY 51.1 billion compared to TRY 45.6 billion in the same period last year. This growth reflects a broader recovery in consumer demand as the overall Turkish economy continues to stabilize.
In terms of revenue, Hepsiburada reported a remarkable growth of 22.6%, amounting to TRY 16,743.8 million versus TRY 13,657.3 million in Q2 2024. As more customers turn to online shopping, the platform is capitalizing on the e-commerce trend.
During Q2 2025, the number of orders (excluding digital products and HepsiExpress) rose by 8.1% to 18.9 million, indicating a robust appetite for the products available online. The average order value also surged, increasing by 5.3% during this period compared to the previous year.
Customer Engagement Insights
Despite these encouraging figures, Hepsiburada recorded a slight decrease in the number of active customers, down 0.8% to 12.0 million, suggesting that while transaction volumes increased, customer retention remains a key focus area for the company. On a more positive note, the company has seen an increase in order frequency, which rose by 4% to 6.9 orders per active customer when excluding digital products.
Operational Challenges and Market Position
Hepsiburada’s operational dynamics reflect the ongoing challenges faced by the industry. Despite experiencing an increase in transactions, the platform also reported a net loss of TRY 723.8 million for the period, an increase from a loss of TRY 519.3 million in Q2 2024. This increase in losses is attributed to various factors including provision expenses that more than tripled compared to the previous year.
Management attributes this to the high inflation environment and increased operational costs. CEO Nilhan Onal Gökçetekin remains optimistic about the strategic initiatives in place to enhance margin growth and sustainable operations.
CEO's Remarks on Future Strategy
Gökçetekin commented on the company’s growth trajectory, pointing out that improvements in revenue composition and tighter cost controls would remain central to Hepsiburada's strategy as they navigate the current economic landscape. She emphasized the importance of maintaining a diversified revenue stream to enhance profitability.
“As we move forward, we aim to drive sustainable growth, improve our margins, and further strengthen our business fundamentals,” Gökçetekin stated.
Financial Highlights of H1 2025
In the first half of 2025, Hepsiburada recorded a 5.9% increase in revenue, totaling TRY 31,994.9 million from TRY 30,214.5 million in H1 2024. However, the overall GMV saw a slight decline of 2.5% to TRY 96.4 billion for the same period, highlighting the need for ongoing marketing efforts and customer-focused enhancements.
Future Outlook and Brand Initiatives
The company has recognized the critical importance of customer engagement, planning aggressive marketing strategies to boost active customer numbers moving forward. Hepsiburada is also working on refining its logistics and fulfilment processes to provide a seamless shopping experience for consumers.
In addition to operational improvements, Hepsiburada continues its commitment to corporate social responsibility initiatives, notably its Technology Empowerment for Women Entrepreneurs program, which aims to support women's participation in the economy and enhance their entrepreneurial prospects.
Frequently Asked Questions
1. What did Hepsiburada report for Q2 2025?
Hepsiburada reported significant growth with a 22.6% increase in revenue and an 11.9% increase in gross merchandise value compared to Q2 2024.
2. What were the main factors affecting Hepsiburada's net loss?
The increased net loss of TRY 723.8 million was primarily attributed to rising operational costs, provision expenses, and economic inflationary pressures.
3. How did customer engagement metrics change?
While active customers decreased slightly by 0.8%, order frequency increased by 4%, showing better engagement per customer despite overall numbers declining.
4. What is the strategic focus of Hepsiburada moving forward?
Hepsiburada aims to enhance profitability through sustainable growth, improved margins, and a robust marketing strategy to retain and attract customers.
5. How is Hepsiburada contributing to corporate social responsibility?
The company focuses on empowering women entrepreneurs through initiatives like the Technology Empowerment program, supporting thousands of women across Turkey.
About The Author
Contact Olivia Taylor privately here. Or send an email with ATTN: Olivia Taylor as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
