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Highlights:
Deliveroo reported a gross transaction value (GTV) of £1.78 billion for Q3, marking a 6% increase at constant currencies, with orders rising 2% to 71.1 million.
Revenue for the third quarter reached £498 million, reflecting a year-on-year increase of 4%.
Despite solid growth in order value, the number of active customers declined to 6.9 million, down from 7.1 million in Q2.
Deliveroo (LSE:ROO) has reported a positive performance for the third quarter, indicating strong growth in both orders and order values, despite a decline in the number of active customers. The takeaway delivery platform achieved a gross transaction value (GTV) of £1.78 billion for the three months ending September 30, which represents a 6% increase when adjusted for constant currencies. The company recorded 71.1 million orders during this period, an uptick of 2% compared to the same time last year, while the average GTV per order also saw a 4% rise, reaching £25.
The revenue for the quarter amounted to £498 million, which is a 4% increase year-on-year. Growth was evident across regions, with revenues in the UK and Ireland increasing by 4% to £308 million, while international revenues grew by 3%, totaling £190 million. Will Shu, the founder and chief executive of Deliveroo, commented on the healthy growth in the UK and Ireland, noting improvements in order trends. He also highlighted robust underlying growth in the international segment, particularly driven by operations in the UAE and Italy.
However, the company faced challenges with a continued decline in its average monthly active consumers, which fell to 6.9 million in Q3, down from 7.1 million in Q2 and 7.2 million in Q1. Despite this setback, Deliveroo has maintained its full-year forecast, projecting GTV growth between 5% and 9%. Adjusted EBITDA is anticipated to fall towards the upper end of the £110 million to £130 million range. This performance reflects the company's ongoing efforts to adapt and thrive within a competitive market landscape.
