Deliveroo accelerates growth in Q1 2025

Deliveroo has posted strong performance in Q1 2025, with gross transaction value (GTV) up 9% year-on-year in UK and Ireland, building on the same increase rate in Q4 2024.

The food delivery platform’s UK and Ireland order growth accelerated to 7% (5% in Q4 2024) with both GTV and orders growing ahead of the market.

Internationally, GTV growth was also 9% year-on-year in constant currency (10% in Q4 2024). Orders were up 7% (6% in Q4 2024), with ongoing strength in UAE and Italy offset partially by continued softness in France.

Group revenue growth was 8% in constant currency.

Deliveroo is maintaining its full-year financial performance guidance, with GTV growth anticipated to be high single-digit percentage growth, and adjusted EBITDA expected to be in the range of £170m-190m, as it makes targeted investments to capture future growth opportunities.

Will Shu, founder and chief executive of Deliveroo, said: “I am really pleased with our strong start to the year. This represents a further acceleration from the fourth quarter. We made good strides in both UKI and International and this improvement is a reflection of our relentless focus on enhancing our customer value proposition (CVP).

“Our CVP investments to date are proving successful, as demonstrated by the accelerating growth in order volumes and our monthly active consumers. We continue to have confidence in delivering our guidance for 2025 while, like many others, remaining mindful of the uncertain macroeconomic environment.”

The food delivery firm’s latest positive financials follow its first year of profit in 2024, delivering £3m within that 12 months after bouncing back from a £32m loss in 2023.

In March, Deliveroo confirmed it will exit its Hong Kong operations through selling certain assets to Singaporean rival Foodpanda after it concluded it “could not reach a sustainable and profitable scale without considerable financial investment”.

The British food delivery platform was founded by Shu and Greg Orlowski in 2013 but had been struggling to cash in following its highly anticipated flotation on the London Stock Exchange in 2021.