Deliveroo, the U.K. food-delivery company, has reported a growth in gross transaction value (GTV) for the third quarter. This increase is attributed to a rise in value per order and positive trends. The company also reaffirmed its full-year guidance.
In the third quarter, Deliveroo’s GTV reached £1.70 billion ($2.06 billion), up from a restated £1.64 billion, representing a 5% increase on a constant-currency basis. Although orders decreased by 1% compared to the previous year, GTV per order saw a 5% growth on a constant-currency basis. Deliveroo noted it is experiencing continuous momentum in the U.K. and Ireland markets, as well as improvements in its international business.
Revenue also saw a slight rise to £487 million from the previous £481 million.
The company remains confident in its projection of full-year GTV growth, anticipating a lower single-digit percentage increase. Additionally, it expects adjusted earnings before interest, taxes, depreciation, and amortization to fall within the range of £60 million to £80 million.
“We are pleased with our continued strong performance in the U.K. and Ireland, and I am particularly encouraged by the positive growth trends we are witnessing in key international markets. I have never been more confident in our ability to drive growth and achieve our goals of profitability and sustainable cash flow generation,” said Chief Executive Will Shu.
