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D-MARKET Electronic Services & Trading reports recurring updates as Hepsiburada, a Turkish e-commerce technology platform whose ADSs trade under HEPS. The company operates a hybrid model that combines first-party direct sales with a third-party marketplace, offering electronics and non-electronics merchandise and generating revenue from sales of goods, marketplace activity and other services.
Company announcements address unaudited financial results, order, GMV and revenue trends, and IFRS reporting adjusted under IAS 29 for hyperinflationary economies. Recurring business topics include Hepsipay digital wallets, general-purpose loans, buy now pay later, fulfillment, last-mile delivery, advertising, cross-border sales, payment services, affordability solutions, shareholder meetings, governance matters and ADR voting mechanics.
Confluent, Inc. (NASDAQ: CFLT) recently launched its Q1 ‘22 updates, enhancing its data streaming platform with over 50 new managed connectors, improved scalability controls, and Schema Linking capabilities. These features aim to simplify real-time data management, allowing organizations to modernize applications and optimize costs effectively. The updates cater to businesses’ growing need for real-time data integration, ensuring trusted data quality across cloud and hybrid environments. Key clients like Hepsiburada highlighted the operational simplicity and cost efficiency gained from these innovations.
Hepsiburada (NASDAQ: HEPS) and Intel (NASDAQ: INTC) have launched DigitalSME, a program aimed at supporting small and medium-size enterprises (SMEs) in Turkey. This initiative seeks to enhance e-commerce capabilities and digital transformation for SMEs by providing training, discounts on Intel products, and grants for HepsiAd, Hepsiburada's advertising platform. The program offers a 10% discount on Intel products and TRY 1,000 grants, along with training focused on enhancing online presence. This collaboration aims to boost the digital economy by empowering SMEs to reach broader markets.
Hepsipay, the digital wallet of Hepsiburada (NASDAQ: HEPS), has partnered with Istanbul Metropolitan Municipality's Istanbulkart to facilitate shopping for around 20 million Istanbulkart users on the Hepsiburada platform. This development allows users to utilize their Istanbulkart balance for purchases, broadening access to e-commerce in Turkey. The service will be operational by Q1 2022, enhancing customer experience and appealing to those without traditional banking services. The collaboration is part of Hepsiburada's goal to lead e-commerce digitalization in Turkey.
Hepsiburada's digital wallet, HepsiPay, has entered a strategic partnership with Paycell, the fintech arm of Turkcell. This agreement allows Turkcell customers to make purchases on Hepsiburada without a bank card, utilizing a new direct carrier billing feature. Starting December, this innovation aims to attract Turkey's significant unbanked population, expanding Hepsiburada's market reach. HepsiPay aims to enhance the shopping experience and increase accessibility, while Paycell has reached six million active users offering alternative payment methods, reflecting the growing demand in e-commerce.
D-MARKET Electronic Services & Trading, operating as Hepsiburada (NASDAQ: HEPS), reported its Q3 2021 financial results, showcasing a 49.8% increase in Gross Merchandise Value (GMV), reaching TRY 6.5 billion. Despite the remarkable GMV growth, revenue slightly decreased by 0.8% year-over-year to TRY 1,658.3 million. The company faced significant net losses of TRY 778.4 million, attributed to higher customer discounts and intensified competition. Active customers rose 26.1% to 10.7 million, reflecting continued engagement. Management remains optimistic, projecting around TRY 24 billion GMV for 2021.
Hepsiburada is expanding its collaboration with Google Cloud to enhance its IT infrastructure, supporting its growth in the e-commerce sector in Turkey. This partnership aims to improve customer experiences by scaling operations and leveraging advanced analytics and machine learning capabilities from Google. Hepsiburada will enhance its product offerings beyond 44 million SKUs while utilizing Google Cloud's Big Query for better data-driven decision-making. This collaboration aligns with Hepsiburada's digital transformation goals since its recent IPO on NASDAQ: HEPS.
Hepsiburada (NASDAQ: HEPS) has updated its 2021 outlook, citing challenges in the third quarter due to a slowed market growth rate and increased competition. As COVID-19 restrictions ended, online spending growth fell significantly. Hepsiburada's Q3 GMV is estimated at ~TRY 6.45 billion with revenue around ~TRY 1.64 billion, lower than previously expected. The full-year GMV forecast has been revised down to approximately TRY 24 billion, down from an earlier range of TRY 28 billion to TRY 29 billion. The company plans to enhance cash flow and manage marketing expenses more effectively.
Hepsiburada (NASDAQ: HEPS), a leading Turkish e-commerce platform, has launched Managed Partner Ads, a new advertising platform in collaboration with Facebook. This initiative aims to empower small and mid-size enterprises (SMEs) to enhance their online visibility and sales by facilitating targeted ads on Facebook and Instagram. The platform is designed to increase web traffic by tenfold and potentially triple sales for participating SMEs. The user-friendly sign-up process allows businesses to easily manage their advertising campaigns, aligning with Hepsiburada's commitment to driving digital commerce in Turkey.
Hepsiburada (NASDAQ: HEPS) reported strong Q2 2021 results, with Gross Merchandise Value (GMV) increasing by 38.2% year-over-year to TRY 5.9 billion, bolstered by a growing active customer base. The company recorded 13.1 million orders, a 37.9% increase from Q2 2020. Revenue rose by 5.2% to TRY 1,754.7 million, but EBITDA declined to negative TRY 188.6 million due to increased investments, leading to a net loss of TRY 324.1 million. Free cash flow surged to TRY 705.4 million, demonstrating effective cash management despite broader market challenges.
D-MARKET Electronic Services & Trading, known as Hepsiburada (NASDAQ: HEPS), will announce its unaudited Q2 2021 financial results on August 26, 2021. A conference call for analysts and investors will be held at 15:30 İstanbul time to discuss the results. Access to the live webcast will be available on the company's Investor Relations website. Hepsiburada is a leading e-commerce platform in Turkey, serving 33 million members and nearly 45,000 active merchants, providing a variety of services including groceries, airline tickets, and payment solutions.