Deliveroo PLC (LSE:ROO) says it is on track to meet its full-year targets, despite inflation, weaker consumer confidence, and growing competition in the food delivery space.
Deliveroo has said it expects to deliver on full-year expectations, after reporting a strong start to 2025 with faster order growth in both its UK and international businesses.
The company reported a 9% rise in gross transaction value (GTV) in the first quarter, with order volumes up 7% year-on-year. Revenue rose 8% in constant currency, and the average value of each order was slightly higher.
Deliveroo said the UK and Ireland outpaced the wider market, with orders growing 7%, up from 5% in the previous quarter.
GTV also rose 9% over the same period. International markets saw similar growth, led by strength in the United Arab Emirates and Italy, although softness in France continued to hold back performance.
The group kept its full-year guidance unchanged, forecasting high single-digit GTV growth and adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) between £170 million and £190 million.
Deliveroo said it would continue to invest in customer offers, which contributed to a slight drop in its revenue take rate to 27.7%, down 40 basis points from a year ago.
The company said the quarter reflected “targeted investments” in value and product experience, aimed at capturing future growth while maintaining profitability.
CEO Will Shu said: "We continue to have confidence in delivering our guidance for 2025 whilst, like many others, remaining mindful of the uncertain macroeconomic environment."