Just Eat faces sales dip and earnings forecast cuts
- Just Eat reported revenue of 1.75 billion euros in the first half of 2025, lower than the previous year's figure.
- The company expects GTV and earnings at the lower forecast range while preparing for acquisition by Prosus.
- The acquisition by Prosus aims to expand its footprint as the fourth-largest food delivery group globally.
In the first half of 2025, Dutch food delivery firm Just Eat reported a revenue of 1.75 billion euros, a slight decrease from 1.78 billion euros during the same period in 2024. The drop in sales, attributed to a lower volume of orders, was partly mitigated by increased earnings from orders and advertising revenues. Just Eat's gross transaction value (GTV) grew by 2% year on year, excluding international operations. The company expects its GTV and adjusted earnings to fall at the lower end of analysts’ forecasts for the year, as it prepares for a takeover by South African firm Prosus, subject to regulatory review by the European Commission. Prosus, which is set to acquire Just Eat for 4.1 billion euros, aims to further expand its global positioning in the food delivery industry, becoming the fourth-largest group worldwide post-acquisition. Meanwhile, Just Eat anticipates growth in GTV between 4% and 8%, with adjusted earnings forecasted between 360 million euros and 380 million euros for 2025. The chief executive of Just Eat, Jitse Groen, highlighted progress in the expansion of their delivery network and emphasized the need for increased marketing investments to support future growth.