Online food delivery marketplace Just Eat Takeaway.com (JET.L, GRUB), which completed the acquisition of U.S- based Grubhub in June, reported Tuesday that its first-half net loss after tax widened to 486 million euros from last year's loss of 59 million euros.
Operating loss was 355 million euros, compared to loss of 11 million euros a year ago.
Pro forma Adjusted EBITDA was negative 190 million euros, compared to last year's positive 205 million euros.
Revenue climbed to 1.77 billion euros from last year's 675 million euros. Pro forma revenue grew 47 percent to 2.61 billion euros from last year's 1.78 billion euros. Proforma revenues grew 52 percent on a constant currency basis.
Pro forma orders were 546.8 million euros, up 51 percent from the previous year.
Further, the company reiterated its guidance for the full year 2021. The company continues to expect order growth, excluding Grubhub, above 45 percent year-on-year; GTV, including Grubhub on a combined basis, in a range of 28 billion euros to 30 billion euros; and adjusted EBITDA margin, including Grubhub on a combined basis, in a range of minus 1 percent and minus 1.5 percent of GTV.
The company also reiterated its intention to monetise its 33 percent stake in iFood if an appropriate offer is made that reflects the size and superior growth of this asset. The highest bid to date amounted to 2.3 billion euros and fell short of managements expectancies.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.