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Deliveroo Reports 36% Rise In Gross Value Of Q4 Orders

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

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

Customer Base Growth

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

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

Deliveroo, which listed in London in March 2021, said its guidance for gross profit margin as a percentage of GTV was maintained at 7.5-7.75%.

News by Reuters edited by Donna Ahern, Checkout. For more Technology news click here. Click subscribe to sign up for the Checkout print edition.

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