Just Eat passes one billion UK orders

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Just Eat has revealed it has passed its one billion UK orders milestone, which included 200 million orders in the first nine months of this year.

Bosses said business in the UK increased 51 per cent in the three months to the end of September compared with a year earlier following a heavy investment programme to win new customers.

Globally, Just Eat Takeaway processed 266 million orders in the past three months, up 25 per cent compared with the same period in 2020.

The sector’s preferred measure of success – gross transaction value – rose 23 per cent to €6.8 billion (£5.8 billion).

In the US, orders were up three per cent in the period compared with a year ago, where it said the firm “started to implement an improvement programme re-focusing the company on Grubhub’s strongholds”.

READ MORE: Just Eat has been the fastest growing online marketplace since 2019

US delivery platforms recently faced a setback in New York, after price caps were imposed on how much the services could charge restaurants.

Grubhub founder, Matt Maloney, one of the US’s biggest food delivery platforms, recently quit the board of Just Eat Takeaway, just months after the company was taken over.

In Germany, Just Eat Takeaway said the country was the second fastest-growing region, adding 10 million incremental orders in the period compared with the previous year – a 35 per cent increase.

Looking ahead, bosses said they will transform their recent takeover of Slovakian rival Bistro.sk.

They added that full-year order growth is expected to be above 45 per cent year on year, with global gross transaction values of between €28 billion (£24 billion) and €30 billion (£25.5 billion).

with PA Wires

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