Deliveroo Reports Strong UK Growth Amid Rising Orders

In the UK and Ireland, Deliveroo has reported a rise in orders for the latest quarter, indicating a positive trend in the takeaway delivery market. The company announced that its gross transaction value (GTV) increased by 5% to £1.78 billion for the quarter ending in September. This growth is attributed to a 2% rise in order numbers, totaling 71.1 million, as customers are spending more per order. The UK and Ireland segment, which is the largest part of Deliveroo's business, saw a 7% increase in GTV, with orders reaching 39.5 million. Despite challenges in the international market, particularly in France due to the Paris Olympics, Deliveroo's international arm still managed a 4% rise in GTV. The company's founder, Will Shu, expressed satisfaction with the overall growth, highlighting the improving order trends in the UK and Ireland and the underlying growth in international markets, particularly in the UAE and Italy. Deliveroo's adjusted earnings for the full year are projected to be in the upper half of the £110 million to £130 million range, reflecting the company's resilience in a fluctuating consumer environment. The results demonstrate a solid quarter of growth, with a year-on-year increase of 6% in GTV. Looking ahead, Shu emphasized the exciting opportunities that lie within the on-demand delivery industry, suggesting that the company is well-positioned to capitalize on future growth prospects.