Deliveroo caps off ‘excellent year of growth’

By BigHospitality

- Last updated on GMT

Deliveroo caps off ‘excellent year of growth’

Related tags: Deliveroo, Delivery & takeaway

Deliveroo has reported a strong fourth quarter capping off an 'excellent year of growth' in 2021.

Full year gross transaction value (GTV) was up 70% year-on-year.

Fourth-quarter (Q4) 2021 GTV growth was 36% year-on-year and 11% sequentially against third-quarter (Q3) 2021. 

The company reported continued UK market share gains in Q4 2021, with GTV up 36% year-on-year and up 12% vs Q3 2021.

Full year GTV in the UK was up 71% and orders were up 72%, with further expansion of UK population coverage to 77% at end-2021 vs 53% at end-2020.

Will Shu, founder and CEO of Deliveroo, said: "We finished 2021 with a strong Q4 performance, and our full year GTV growth of 70% in constant currency was at the top end of the previously-upgraded guidance we provided. I'd like to thank the Deliveroo team, our restaurant and grocery partners and our riders for their focus and commitment in what has been another extraordinary year.

"I am proud of what we achieved in 2021; despite a challenging backdrop, we continued to strengthen our customer proposition, widen our customer base and execute against our strategy.  We are excited about the opportunity ahead and look forward to making further progress in 2022."

Related topics: Business & Legislation

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