Investing.com -- Deliveroo (LON:ROO) reported a slight rise in first-quarter revenue on Thursday and reaffirmed its full-year outlook, supported by growth in gross transaction value (GTV) across its key markets.
The British food delivery firm’s shares rose less than 1% in London trading.
Revenue for the three months to March 31 rose to £518 million ($685.8 million) from £514 million a year earlier, just below the £519 million average forecast from 11 analysts compiled by the company.
Orders in the quarter jumped 7%, better than the 6% recorded in the last quarter of 2024.
GTV climbed to £1.87 billion from £1.73 billion, topping the consensus estimate of £1.86 billion.
In the U.K. and Ireland, GTV rose 9% in constant currency to £1.18 billion, while the international segment recorded the same pace of growth, reaching £695 million.
Deliveroo processed 72.6 million orders during the quarter, up from 67.8 million a year earlier. GTV per order edged up to £25.8 from £25.5. The figures exclude Hong Kong, where the company is in the process of winding down operations.
The company maintained its full-year forecast, including expectations for high single-digit GTV growth and adjusted EBITDA between £170 million and £190 million.