Just Eat Takeaway struggles with decreasing orders
Just Eat Takeaway saw its number of orders decrease, but its average order value went up. As a result, the meal delivery company is sticking to its annual targets and the imminent acquisition.
The lower number of orders in the first quarter of 2025 is worrying for Just Eat Takeaway, as the base for comparison was a quarter in which the number of orders had already dropped, Retail Detail reports. This time, however, the meal delivery firm saw orders decline in all regions where it operates.
Nevertheless, the gross transaction value – the total value of all orders – increased in Europe and the United Kingdom, its two most important markets. At group level, gross transaction value (GTV) remained virtually stable in constant currency. Since Just Eat Takeaway earns revenue through commissions on this GTV, the rise suggests potential revenue growth despite the lower order volume.
The meal delivery company maintains its financial outlook for the full year, expecting GTV to grow between 4 and 8 %, and adjusted EBITDA of between 360 and 380 million euros. CEO Jitse Groen plans to invest an additional 150 million euros in 2025 to accelerate growth. The long-term target remains an EBITDA margin above 5 % of gross transaction value.
Investors were hoping for an update on Prosus‘ takeover bid, but in vain. Just Eat Takeaway merely reiterated that the acquisition should be completed by the end of the year, subject to regulatory approval. The 4.1 billion euro offer has already received support from the management board and supervisory board.
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