Deliveroo reports 9% growth in gross transaction value

Adjusted EBITDA is projected to fall between £170m and £190m.

Deliveroo reported a 9% year-on-year (YoY) increase in gross transaction value (GTV) for its UK and Ireland segment, contributing equally to the growth on a constant currency basis.

Order growth accelerated 7%, with both GTV and orders growing ahead of the market.

Internationally, GTV growth was 9% YoY. Orders were up 7%, with ongoing strength in the UAE and Italy offset partially by continued softness in France.

The company’s revenue take rate was flat sequentially, whilst decreasing 40 basis points YoY to 27.7%, principally due to continued investments in the consumer value proposition.

Adjusted EBITDA is projected to fall between £170m and £190m.