Just Eat Takeaway back to profitability earlier than expected
It was driven by higher average transaction value and positive FX.
Despite a decrease in processed orders, Just Eat Takeaway.com, a food delivery platform, posted a 2% GTV in the third quarter (Q3) of 2022 from the same period last year.
In a statement, the brand said it was due to higher average transaction value and positive FX movements.
Its orders was at 235 million during the period, an 11% drop from Q3 2021, which stemmed from the end of COVID-19 restrictions and reducing number of low contribution orders.
According to Just Eat Takeaway.com CEO Jitse Groen, the firm revived into profitability earlier than anticipated.
"Driven by a wide range of initiatives, we continue to improve our operational efficiency whilst simultaneously enhancing the user experience and consumer proposition," he said.
