Deliveroo reports 36% rise in gross value of Q4 orders

FILE PHOTO: A Deliveroo delivery rider cycles in London, Britain, March 31, 2021. REUTERS/Toby Melville

January 20, 2022

LONDON (Reuters) -Food delivery company Deliveroo said the gross transaction value (GTV) of orders on its platform rose 36% year-on-year in the fourth quarter, resulting in it hitting the top of its guidance range with a 70% rise for the year.

Food delivery boomed during the COVID-19 pandemic when pubs and restaurants were closed, and the popularity of the platforms has not faded since hospitality reopened.

Deliveroo said its monthly customer base had continued to grow despite the easing of lockdown restrictions, with 8 million active monthly customers in the quarter, up 37% year-on-year and up 123% on pre-pandemic levels.

The number of orders grew 10% compared to the previous quarter, it said, and the average value stabilised, up by 1% in constant currency on Q3 to 21.40 pounds.

Deliveroo, which listed in London in March 2021, said its guidance for gross profit margin as a percentage of GTV was maintained at 7.5-7.75%.

(Reporting by Paul Sandle; Editing by Kate Holton)

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