Allegro Stock Jumps 5% as 2026 Guidance Raised on Strong Q2 Results

TLDR

• Allegro stock jumped as much as 5.3% after raising its full-year 2026 group GMV growth guidance to 13%-15%
• Q2 consolidated GMV growth came in at 14.4%, with Adjusted EBITDA up 11.5% year-on-year
• International marketplaces in Czechia, Slovakia and Hungary saw GMV grow 85% year-on-year in Q2
• International GMV growth accelerated to around 100% year-on-year in the first 10 weeks of Q3
• Poland is already exceeding the top end of previous guidance, with year-to-date group GMV growth running at nearly 15%

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Allegro (ALEP) stock climbed as much as 5.3% on Thursday before settling around 3.7% higher after the Polish e-commerce platform raised its full-year 2026 guidance.

Allegro.eu S.A., ALEGF

The company now expects group GMV growth of 13%-15% and Adjusted EBITDA growth of 13%-17% for the full year.

Q2 confirmed results showed consolidated GMV growth of 14.4% and Adjusted EBITDA up 11.5% year-on-year. Both numbers came in ahead of previous guidance.

In Poland, revenue rose 14.4% and Adjusted EBITDA increased 11.3% year-on-year. Growth was driven by logistics, financial services, advertising, and pricing.

Poland’s GMV growth hit 12% year-on-year in Q2, more than three times the pace of nominal retail sales in the country.

International Momentum Builds

Allegro raised its full-year Poland guidance to GMV growth of 11%-13% and Adjusted EBITDA growth of 11%-14%, up from the previous 9%-11% and 7%-10% respectively.

Across its three international markets, GMV grew 85% year-on-year in Q2. The company credited improved customer satisfaction and marketplace engagement.

Those international markets now attract more than a quarter of e-commerce customers and list over 40 million active products, with 90% priced lower than competitors.

In Czechia, its largest foreign market, offers from local partners rose nearly a third year-on-year in Q2.

The first 10 weeks of Q3 saw international GMV growth accelerate to around 100% year-on-year, pushing year-to-date group GMV growth to nearly 15%.

CEO Marcin Kusmierz said the group’s “engine is running on all cylinders in Q3,” with Polish GMV accelerating further and international marketplaces doubling year-on-year.

Services and Logistics Expanding

Allegro Pay accounted for 16.4% of Q2 GMV, while loan generation rose 35% year-on-year to 4.5 billion zlotys.

Allegro Smart! surpassed 9 million users. Allegro Delivery now covers more than 40,000 parcel lockers and almost 35,000 pick-up points, including over 11,000 Allegro One Boxes.

The company recently opened an office in Shenzhen to connect directly with regional sellers and ensure platform compliance in China.

Allegro aims to end 2026 with international GMV around 2 billion zlotys higher than in 2025, with break-even for international operations expected in 2029.

Negotiations to extend its agreement with parcel locker firm InPost until 2031 are progressing. The new deal would include lower delivery prices, a revised price indexation formula, and multi-year volumes.

CFO Jon Eastick will be succeeded next month by Katarzyna Ostap-Tomann.