In the UK and Ireland, GTV rose 9% year-on-year to £1.18bn, with orders up 7% to 42.6m, which Deliveroo says are both ahead of the market. Group revenue for the quarter rose 8% to £518m.
Internationally, the business also posted 9% GTV growth and 7% order growth, driven by a strong performance in UAE and Italy.
The delivery platform says that continued investment in its customer value proposition (CVP) has led to the growth in orders and that it expected its adjusted EBITDA to be in the range of £170-190m as it makes ‘targeted investments to capture future growth opportunities’.
“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 CVP,” says founder and CEO Will Shu.
“I’m confident in our ability to deliver profitable growth while remaining mindful of the uncertain macroeconomic environment.”
The number of average monthly active consumers across the delivery platform rose to 7 million, up from 6.7 million in the first quarter of 2024, with average monthly order frequency remaining at 3.5 orders per customer.