Deliveroo delivers 82% revenue growth as company widens customer base
A UK food delivery company has seen revenues grow by more than 80 per cent over the past six months.
Deliveroo, which operates across the country, reported that its revenues have increased to £922.5m, up by 82 per cent on the same period last year.
It said that the increase was large due to a 102 per cent rise in gross transaction value, which rose to £3,385.8m across the period.
The company added that gross profit in the first half of the year grew by 75 per cent to £263.9m.
Will Shu, founder and CEO of Deliveroo, said: “We have reported strong performance in the first half of the year and continued to make good progress in executing our strategy.
“As a result, I believe that we are well positioned to take advantage of the huge opportunity ahead.
“We are seeing strong growth and engagement across our marketplace as lockdowns continue to ease. Demand has been high amongst consumers.
“We have widened our consumer base, seen people continuing to order frequently and we now work with more food merchants than any other platform in the UK.
“At the same time, more riders are choosing to continue to work with the company because they value the work we offer.
“As reflected in our guidance, whilst we expect that consumer behaviour may moderate later in the year, we remain excited about the opportunity ahead and our ability to capitalise on it.”
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