Deliveroo grew revenues and gross transaction value (GTV) in Q1 2023, but order numbers decreased year on year.
The delivery company posted Q1 revenues in the UK up 12% to £299m. GTV was up 6% to £1bn.
Order numbers were down 3% to 39.6m (Q1 2022: 40.7m).
UK & Ireland customers are ordering on average 4 times a month, down from 4.1 year on year.
Deliveroo has 7.1m average monthly consumers.
At a group level, Deliveroo saw revenue up 4% and gross transaction value (GTV) down 1% year-on-year.
International revenue and GTV were down 5% and 9% respectively, the year-on-year decline driven by more stringent Covid-related restrictions in Asian markets in early 2022, which made for a tougher comparison base, and continued market-wide weakness in France.
The Q1 performance was line with expectations.
Will Shu, founder and CEO of Deliveroo, said: “Revenue growth of 4% and broadly flat GTV (both in constant currency) represents a resilient performance, particularly in the context of inflationary pressures and the ongoing cost of living crisis and against a challenging comparison base. Against this backdrop, I’m particularly pleased with our performance in UKI, reflecting a further improvement in our offering to consumers. We remain confident in our ability to deliver on our plans to drive profitable growth and sustainable cash generation.”
