Food and Drink

Deliveroo GTV spikes 76% in Q2

The group’s UK and Ireland operations were the largest contributors, with GTV growing 87% year-on-year to £921m for the three months ended 30 June 2021

Deliveroo saw its gross transaction value (GTV) spike 76% year-on-year to £1.74bn for Q2 FY21.

The group’s UK and Ireland operations were the largest contributors, with GTV growing 87% year-on-year to £921m for the three months ended 30 June 2021.

GTV at the online food delivery company’s international arms increased at a slower rate of 65% year-on-year to £818m for the same period.

Deliveroo’s orders during the quarter jumped 88% to 78 million, as its UK and Ireland segment increased 94% and its international operations 83% when compared to Q1 FY20.

Looking ahead, the group has “increased expectations” for its full year annual GTV growth from between 30% and 40% to between 50% and 60%.

As a guidance for H2 FY21, Deliveroo expects to achieve total group GTV of £2.93bn, a year-on-year rise of 24% and two-year spike of 126%.

Its lower estimations for the half sit at 2.73bn, a year-on-on increase of 15%, while the firm’s higher forecast represents a 32% year-on-year growth to £3.14bn.

The group’s full H1 FY21 results will be released on 11 August 2021.

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