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Just Eat posts 25% uplift in third quarter revenue

Just Eat, the marketplace for online food delivery, increased its group revenue by 25% to £248 million in its third quarter. In the three months to… View Article

FOOD & DRINK

Just Eat posts 25% uplift in third quarter revenue

Just Eat, the marketplace for online food delivery, increased its group revenue by 25% to £248 million in its third quarter.

In the three months to 30 September, group orders were up 16% to 62 million.

The company said order growth in Europe was boosted by strong performances in Italy and Switzerland and new brand partnerships in Spain. In addition, the company’s Australian business achieved double digit order growth as it began to reap the benefits of its turnaround plan.

Meanwhile, UK orders rose by 8% to 33 million following a rapid expansion of Just Eat’s delivery proposition.

Peter Duffy, interim chief executive of Just Eat, said: “Our UK marketplace business is a strong and clear leader; however, we are seeing a structural shift, with increasing demand on our platform from customers for broader cuisine choice and more meal occasions, led by quick service restaurant chains. The strong growth in our UK delivery business shows that we can successfully meet these needs.”

 

 

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