Deliveroo Reports Steady Growth in Q4


By Najat Kantouar

Deliveroo, the leading food-delivery company, has announced that its fourth-quarter gross transaction value (GTV) growth is in line with previous guidance and has maintained its full-year forecast.

During the three-month period ending on December 31, the gross transaction value increased by 4% on a constant currency basis compared to the previous year, reaching 1.85 billion pounds ($2.35 billion). Furthermore, GTV for all operations in 2023 rose by 3%, amounting to GBP7.06 billion.

Although fourth-quarter orders remained flat at GBP75.3 million, there were positive growth trends in specific regions. U.K. and Ireland orders increased by 1% to GBP40.9 million, while international orders showed no change, remaining at GBP34.4 million.

The company’s revenue for the period also saw a slight increase, climbing to GBP523 million from GBP521 million.

Deliveroo’s CEO, Will Shu, emphasized the ongoing signs of consumer behavior stabilization throughout the quarter. In response, the company continued to invest in enhancing its consumer value proposition as a means of establishing a solid foundation for future growth.

Deliveroo reaffirmed its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance for 2023. This metric excludes exceptional and one-off items and is expected to range from GBP60 million to GBP80 million.

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