Hepsiburada Premium Reaches 2 Million Subscribers

Rhea-AI Summary

Hepsiburada (NASDAQ: HEPS) reaches 2 million subscribers for its paid subscription service, Hepsiburada Premium, offering outstanding value to customers with free delivery, cashback, and on-demand streaming for only TRY19.90 per month.

Positive

• Hepsiburada Premium reaches 2 million subscribers, driving customer retention and reducing marketing spend
• Members generate higher order frequency compared to non-members, indicating strong customer loyalty

Negative

• None.

Hepsiburada's Subscription Service Offers Outstanding Value to Customers While Driving Retention and Efficiency for the Company

ISTANBUL, Nov. 30, 2023 /PRNewswire/ -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ: HEPS), a leading Turkish e-commerce platform, today announces that the number of subscribers to Hepsiburada Premium, the platform's paid subscription service, has reached 2 million.

Outstanding Customer Value

Hepsiburada Premium is priced at TRY19.90 (around US$0.75) per month. A Hepsiburada Premium subscription offers its customers a wide range of benefits including free delivery, a 3% cashback (subject to certain conditions) and free access to an on-demand streaming service and discounted services, among other features.

Commenting on this achievement, Hepsiburada CEO Nilhan Onal Gökçetekin said: "Prioritizing customer loyalty and retention is central to our strategy. Our loyalty program, Hepsiburada Premium, plays a key role in achieving this. It also allows us to reduce and optimize our marketing and advertising spend. Hepsiburada Premium members have continued to generate higher order frequency compared to non-members and we are happy to reach an important milestone by reaching 2 million Hepsiburada Premium subscribers."

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended and the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995, and encompasses all statements, other than statements of historical fact contained in this press release, and include but are not limited to statements regarding Hepsiburada's strategy. These forward-looking statements can be identified by terminology such as "may," "could," "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "targets," "likely to" and similar statements. 

These forward-looking statements are based on management's current expectations. However, it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. These statements are neither promises nor guarantees but involve known and unknown risks, uncertainties and other important factors and circumstances that may cause Hepsiburada's actual results, performance or achievements to be materially different from its expectations expressed or implied by the forward-looking statements, including conditions in the U.S. capital markets, negative global economic conditions, potential negative developments resulting from epidemics or natural disasters, other negative developments in Hepsiburada's business or unfavorable legislative or regulatory developments. We caution you therefore against relying on these forward-looking statements, and we qualify all of our forward-looking statements by these cautionary statements. For a discussion of additional factors that may affect the outcome of such forward-looking statements, see our 2022 annual report filed with the SEC on Form 20-F on May 1, 2023 (Commission File Number: 001-40553), and in particular the "Risk Factors" section, as well as the other documents filed with or furnished to the SEC by Hepsiburada from time to time. Copies of these filings are available online from the SEC at www.sec.gov, or on the SEC Filings section of our Investor Relations website at https://investors.hepsiburada.com. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management's estimates as of the date of this press release. These forward-looking statements should not be relied upon as representing Hepsiburada's views as of any date subsequent to the date of this press release. All forward-looking statements in this press release are based on information currently available to Hepsiburada, and Hepsiburada and its authorized representatives assume no obligation to update these forward-looking statements in light of new information or future events. Accordingly, undue reliance should not be placed upon the forward-looking statements.

About Hepsiburada

Hepsiburada is a leading e-commerce technology platform in Türkiye, connecting over 59 million members with approximately 195 million stock keeping units across over 30 product categories. Hepsiburada provides goods and services through its hybrid model combining first-party direct sales (1P model) and a third-party marketplace (3P model) with 101,300 merchants.

With its vision of leading the digitalization of commerce, Hepsiburada acts as a reliable, innovative and purpose-led companion in consumers' daily lives. Hepsiburada's e-commerce platform provides a broad ecosystem of capabilities for merchants and consumers including: last-mile delivery and fulfilment services, advertising services, on-demand grocery delivery services, and payment solutions offered through Hepsipay, Hepsiburada's payment companion and BNPL solutions provider. HepsiGlobal offers a selection from international merchants through its inbound arm while outbound operations aim to enable merchants in Türkiye to make cross-border sales.

Since its founding in 2000, Hepsiburada has been purpose-led, leveraging its digital capabilities to develop the role of women in the Turkish economy. Hepsiburada started the 'Technology Empowerment for Women Entrepreneurs' program in 2017, which has supported over 45.4 thousand female entrepreneurs throughout Türkiye to reach millions of customers with their products.

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SOURCE HEPSIBURADA

FAQ

What is the name of the Turkish e-commerce platform that announced reaching 2 million subscribers for its paid subscription service?

The Turkish e-commerce platform is Hepsiburada (NASDAQ: HEPS).

What are the benefits of Hepsiburada Premium?

Hepsiburada Premium offers free delivery, a 3% cashback, free access to an on-demand streaming service, and discounted services for only TRY19.90 per month.

Who is the CEO of Hepsiburada?

The CEO of Hepsiburada is Nilhan Onal Gökçetekin.

How much does Hepsiburada Premium cost?

Hepsiburada Premium is priced at TRY19.90 (around US$0.75) per month.

How many subscribers has Hepsiburada Premium reached?

Hepsiburada Premium has reached 2 million subscribers.