Rapid delivery specialist Deliveroo has reported “solid” growth in its third quarter with an uplift in transaction value and orders.
Deliveroo, which delivers on behalf of retailers as well as restaurants, posted a 6% year-on-year uplift in gross transaction value over the period when orders were up 2%.
In the UK, gross transaction value was up 7% year on year and order growth was up 2% as the business “made progress on our initiatives in a more stable but still uncertain consumer environment”.
Deliveroo maintained its guidance for the current year. Gross transaction value growth is expected to come in between 5% and 9%. Adjusted EBITDA is expected to be in the “upper half” of the £110m to 130m range.
Deliveroo founder and chief executive Will Shu said: “Our results demonstrate another solid quarter of growth. There are many exciting opportunities ahead for the on-demand delivery industry.
“With our market-leading consumer value proposition, our pioneering approach to new verticals and our continuing work on loyalty, price integrity and service, Deliveroo is well-positioned to capture the significant growth potential in an industry still early in its maturity.”
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