German online food delivery company Delivery Hero anticipates growth to accelerate in the current quarter, led by a rebound in its Asian market, boosting shares by 8%. Orders in South Korea increased in October, with a successful subscription program. Third-quarter gross merchandise value grew 7% to 12.2 billion euros.

Chief Financial Officer Marie-Anne Popp noted subscribers order more frequently, indicating a positive trend. The company expects growth in Asia by the end of the year after a 3% decline in the region in the third quarter. Demand remains strong despite geopolitical uncertainty, with quick commerce business turning a profit.

Delivery Hero plans to invest in expanding its “dark stores” for online shopping, aiming to break even for the full year. The company’s overall GMV growth is expected to accelerate in the final quarter. Third-quarter results showed promising signs for the company’s future growth and profitability.

Read more at Yahoo Finance: Delivery Hero expects Asia recovery to boost fourth-quarter growth