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Deliveroo reports 70% jump in orders in Q4

Deliveroo hailed a strong end to “another extraordinary year” as the total value of orders jumped by 70 per cent to £6.63 billion to hit the… View Article

FOOD & DRINK

Deliveroo reports 70% jump in orders in Q4

Deliveroo hailed a strong end to “another extraordinary year” as the total value of orders jumped by 70 per cent to £6.63 billion to hit the top end of the guidance.

Food delivery company Deliveroo said the gross transaction value (GTV) – the total paid by consumers – grew 36 per cent year-on-year in the fourth quarter.

During the Covid-19 pandemic food deliveries boomed 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.

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%.

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