Key Takeaways HepsiJet's expanded delivery services and successful Hepsipay integration drive revenue and improve margins through higher off-platform volume and financial service transactions. Strategic partnerships, including a stake transition to Kaspi and collaboration with Warner Bros., enhance customer engagement and operational efficiency, boosting long-term growth.Read more

Key Takeaways Integration of fintech and logistics capabilities could transform Hepsiburada into a regional leader, boosting margins and long-term revenue through innovative services and cross-border expansion. Shifting to private label, marketplace growth, and logistics investments is expanding gross margins, customer retention, and positions the company for robust, sustained earnings growth.Read more

Key Takeaways Intensifying competition, regulatory pressures, and heavy investment needs threaten profitability, market share, and the stability of earnings and margins. Macroeconomic volatility and a shift to alternative e-commerce models risk shrinking transaction volumes and undermine long-term revenue growth.Read more
