Deliveroo reports ‘strong’ Q1 as GTV hits £1.87bn
Additionally, the group saw its revenues rise 8% to £518m
Deliveroo has reported a 9% increase in its gross transaction value (GTV) year-on-year to £1.87bn in constant currency in Q1 2025.
It also saw continued improvement in order growth, up 7% to £72.6m (up 6% in Q4 2024), with GTV per order up 2% to £25.8m.
Across both UK&I and International operations its GTV also increased 9% YoY to £1.17bn and £695m respectively.
Similarly, UKI and International operations saw a 7% rise in order growth to £42.6m and £30m respectively. The group’s International operations orders were boosted by the ongoing strength in UAE and Italy offset partially by continued softness in France.
Additionally, the group saw its revenues rise 8% to £518m. Revenue take rate (% of GTV) was flat sequentially, while decreasing 40 bps YoY as expected to 27.7% principally due to Deliveroo’s continued investments in the consumer value proposition (CVP).
Looking ahead, the group stated that its FY 2025 guidance is maintained. GTV growth is anticipated to be high single-digits percentage growth (in constant currency).
Meanwhile, adjusted EBITDA is expected to be in the range of £170m-190m, as it makes targeted investments to capture future growth opportunities.
Will Shu, founder and CEO of Deliveroo, 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 whilst, like many others, remaining mindful of the uncertain macroeconomic environment.”
