Deliveroo reports strong Q1 performance

Deliveroo has kicked off the first quarter of 2025 on a high note, reporting solid growth across key areas of the business.

The company saw a 7% year-on-year increase in order volume, up from 6% in the previous quarter.

Gross Transaction Value (GTV), which reflects the total value of orders placed on the platform, also rose by 9% in constant currency, matching the growth seen in Q4 2024.

This positive momentum was seen across both the UK and Ireland (UKI) and international markets. In the UKI region, order growth accelerated to 7%, compared to 5% in the last quarter. GTV growth remained strong at 9%, and both metrics outpaced the wider market. Internationally, GTV also rose 9%, while order growth ticked up to 7%. 

Deliveroo’s total revenue increased by 8% in constant currency during the quarter. The company’s revenue take rate — the percentage of GTV it retains — held steady compared to the previous quarter but declined slightly year-on-year to 27.7%. This small drop was expected and tied to continued investment in improving the customer experience, which includes better value, more delivery options, and enhanced service features.

Looking ahead, Deliveroo is maintaining its full-year 2025 outlook. It expects GTV to continue growing at a high single-digit rate and is forecasting adjusted EBITDA to come in between £170 million and £190 million. These projections reflect Deliveroo’s plan to keep investing in growth while maintaining a firm grip on profitability.

'We've made good strides'

Will Shu, founder and CEO of Deliveroo, said: "I am really pleased with our strong start to the year, marked by a 9% year-on-year increase in GTV and 7% growth in orders. 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 whilst, like many others, remaining mindful of the uncertain macroeconomic environment." 

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