Deliveroo PLC (LSE:ROO)’s gross transaction value (GTV) was up 6% year on year at constant-currency rates in the first quarter, with per-order value increasing 4%.
International order growth outstripped the UK and Ireland market, which saw no growth in order volumes compared to 4% growth internationally.
However, the revenue take rate from those orders fell 2% internationally while adding 2% in the UK and Ireland.
Deliveroo has kicked off a £30 million share buyback programme thanks to positive free cash flow.
Founder and chief executive Will Shu said he was “pleased with the start we have made to this year, building on the strong progress in 2023”.
“We made particularly strong progress in International markets during the quarter, with notable improvements in France, UAE and Hong Kong, and continued strength in Italy.
He said the UK and Ireland consumer environment “remains stable but uncertain”.
Full-year guidance was maintained at GTV growth in the range of 5-9% and adjusted earnings in the range of £110-130 million.