Deliveroo Reports Strong Q1 2025 Performance
Why we think this is good
Deliveroo has reported a strong start to 2025 with solid growth in GTV, orders and revenue. The company saw acceleration in order growth across both the UK & Ireland and International segments, indicating positive momentum. While the RNS notes some caution around the uncertain macroeconomic environment, the overall performance and outlook appear positive.
Key Points
- GTV up 9% year-on-year in constant currency
- Orders increased by 7%
- Group revenue grew by 8% in constant currency
- FY 2025 guidance maintained, expecting high single-digit GTV growth and Adjusted EBITDA of £170-190 million
Summary
Deliveroo plc has reported a strong start to 2025, with Q1 GTV up 9% year-on-year in constant currency and orders increasing by 7%. The company saw acceleration in order growth across both the UK & Ireland and International segments. Group revenue grew by 8% in constant currency. Deliveroo maintained its FY 2025 guidance, expecting GTV growth in the high single-digits and Adjusted EBITDA in the range of £170-190 million. The company noted it remains mindful of the uncertain macroeconomic environment.