Deliveroo saw a return to growth in orders in its first quarter as it heralded a good start to the year.
Gross transaction values (GTV) rose 6% in the UK and Ireland, and sales increased 2% to £306m over the quarter.
The delivery giant’s overall sales jumped 2% on a constant currency basis, while GTV was up 6% year-on-year.
Deliveroo said it expected its adjusted EBITDA for the year to be in the range of £110m to £130m and that it maintained its profit guidance.
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Deliveroo founder and CEO Will Shu said: “I am pleased with the start we have made to this year, building on the strong progress in 2023. The team has been relentlessly focussed on delivering service and value for money, helping drive a return to order growth and continued growth in GTV.”
He continued: “In UK and Ireland, while the consumer environment remains stable but uncertain, our commitment to offering fair prices and a flawless consumer experience is building strong foundations for the future and will continue to differentiate our business.”
Deliveroo narrowed its losses by £262m to £32m in 2023, a significant improvement from the £294m loss seen in 2022 as the average amount spent on orders increased amid higher grocery price inflation.
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