Deliveroo reports 36% rise in gross value of orders

Food delivery company Deliveroo said the gross transaction value (GTV) of orders on its platform rose 36 per cent year-on-year in the fourth quarter, resulting in it hitting the top of its guidance range with a 70 per cent rise for the year.

Food delivery boomed during the Covid-19 pandemic when pubs and restaurants were closed, and the popularity of the platforms has not faded since hospitality reopened.

Deliveroo said its monthly customer base had continued to grow despite the easing of lockdown restrictions, with 8 million active monthly customers in the quarter, up 37 per cent year-on-year and up 123 per cent on pre-pandemic levels.

The number of orders grew 10 per cent compared to the previous quarter, it said, and the average value stabilised, up by 1 per cent in constant currency on Q3 to £21.40.

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Deliveroo, which listed in London in March 2021, said its guidance for gross profit margin as a percentage of GTV was maintained at 7.5 per cent to 7.75 per cent. – Reuters