With >30% GOV growth in 2024, Wolt is positioned to expand revenue contribution and pursue a 4-5% Adjusted EBITDA margin by consolidating markets and improving unit economics. Wolt is a Helsinki-based technology company with a mission to bring joy, simplicity and earnings to the neighborhoods of the world, developing a local commerce platform that connects people looking to order food, groceries, and other goods with people interested in selling and delivering them.
Cyborg Score Rationale
Wolt has achieved >30% gross order value growth in 2024 and reached Adjusted EBITDA positivity in several mature markets while targeting 4-5% margins. As a DoorDash subsidiary with deep capital backing, Wolt enjoys substantial competitive advantages, though it faces regulatory headwinds and intense competition in European markets.
Top Insights
(June 2024) Wolt celebrated 10 years of operations, having generated €19 billion in economic activity and serving 700 million customer orders
(2024) Non-restaurant orders (groceries, pharmaceuticals, etc.) now represent ~20% of business with €1 billion in annual grocery sales
(2024-2025) EU Platform Work Directive poses significant labor-cost headwind estimated at 20-30% increase in compliance scenarios
(2026) DoorDash reports Wolt as primary driver of 30%+ international marketplace GOV growth, with momentum in Nordic and CEE markets
Named Competitors
Glovo — European on-demand delivery platform spanning food and multi-category services
Deliveroo — UK-based food delivery platform with European operations
GrubHub — US-based food delivery platform with European expansion
DoorDash — Parent company and leading on-demand delivery platform globally
Recent Developments
(June 2026) Wolt celebrated 10-year anniversary and published impact report highlighting €19B economic activity milestone
(April 2026) Company appointed Elisabeth Stenersen as Senior Director for Northern Europe; invested in mobility solutions for environmental footprint reduction