Grocery takes a bigger share of Deliveroo transactions

Revenue at Deliveroo was up by 9% on 2024 during the first six months of the year, to hit £1.05bn, with adjusted EBITDA also up by 46% to sit at £96.3m.

The company, which is set to be purchased by US delivery giant DoorDash, Inc., nevertheless lost £19.2m during the period. It attributed this to higher exceptional items because of the costs related to the acquisition.

Grocery highlights during the half included an expansion of its relationship with Sainsbury’s, launching Marks & Spencer in Ireland and adding a selection of specialist grocers.

It said that adding features like “Your Regulars” and “Missed Offers” led to a “significant uplift” in upsell value per order. The company also launched its white-label service, Deliveroo Express, with Tesco in Ireland.

In its separate retail category, which now includes businesses such as The Perfume Shop, Wilko and B&Q, it added 1,000 merchants during the half.

The company also integrated the Boots Advantage Card loyalty card for orders made from the retailer.

“Consumer engagement is encouraging, with order frequency and retention continuing to improve across all cohorts,” said founder and chief executive Will Shu.

“Today, both growth and profitability are accelerating. We are delivering on our mission to change the way people shop and eat and to bring the neighbourhood to people’s doors. I’m proud of where we are and all that we have achieved. We helped to build an entire sector and have redefined it multiple times over.”