Just Eat reveals steady growth in Q1

The company reported flat year-on-year gross transaction value (GTV) growth on a constant currency basis across the group. However, when excluding the Rest of World segment, GTV rose by 2%, hinting at pockets of resilience in its core markets.

Management remains optimistic, maintaining its full-year guidance for 2025. This includes constant currency GTV growth (excluding Rest of World) between 4% and 8%, adjusted EBITDA between €360 and €380 million, and free cash flow (before working capital changes) of approximately €100 million. Just Eat Takeaway.com also reiterated its long-term ambition to exceed a 5% adjusted EBITDA margin relative to GTV.

Meanwhile, the company is moving forward with its previously announced acquisition deal. Prosus’ recommended offer of €20.30 per share is set to launch in the second quarter of 2025, as originally scheduled. The deal remains subject to standard closing conditions, including regulatory approvals, with settlement anticipated by year-end.

With stable early-year performance and a major transaction on the horizon, Just Eat Takeaway.com is positioning itself for a pivotal year in the global delivery landscape.

'Accelerate growth in 2025'

Following the resulsts, Jitse Groen, CEO of Just Eat Takeaway.com said: "Our vision is to empower everyday convenience for our consumers, partners and couriers. We are delighted to make continued progress in adding huge variety of new partners to offer the widest possible selection for consumers anytime and anywhere.

"As announced at the full year 2024 results in February, Just Eat Takeaway.com will invest an additional €150 million to accelerate growth in 2025. We confirm our guidance and look forward to the rest of 2025."

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