Rapid delivery specialist Deliveroo has reported a “strong” performance during the first quarter thanks to order growth in both the UK and internationally.
Deliveroo reported today that gross transaction value (GTV) during the first quarter was up 9% year on year in constant currency at the same time as orders increased by 7%.
The delivery specialist also reported today that group revenue was up 8% during the period to £518m, up from £485m during the same period last year.
In the UK, Deliveroo said both its GTV and orders grew “ahead of the market”, while international GTV growth was 9%, and orders were also up 7% thanks to increased success in the UAE and Italy which was offset by ongoing softness in the French market.
Deliveroo has maintained its full-year guidance and expects adjusted EBITDA to fall between the range of £170m and £190m.
Deliveroo chief executive Will Shu said: “I am really pleased with our strong start to the year, marked by a 9% year-on-year increase in GTV and 7% growth in orders. This represents a further acceleration from the fourth quarter.
“We made good strides in both UKI and International, and this improvement is a reflection of our relentless focus on enhancing our customer value proposition (CVP). Our CVP investments to date are proving successful, as demonstrated by the accelerating growth in order volumes and our monthly active consumers. We continue to have confidence in delivering our guidance for 2025 while, like many others, remaining mindful of the uncertain macroeconomic environment.”
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