What's happened
Deliveroo reported a 5% increase in gross transaction value to £1.78 billion for Q3 2024, while Just Eat saw a 3% drop in sales to €6.3 billion. Both companies are navigating a challenging consumer environment, with Deliveroo's UK and Ireland segment performing well, contrasting with Just Eat's struggles in the US market.
Why it matters
What the papers say
According to Henry Saker-Clark from The Independent, Deliveroo's results reflect a solid quarter with a 6% year-on-year increase in GTV, driven by strong performance in the UK and Ireland. In contrast, Just Eat's Holly Williams reported a 3% drop in sales, primarily due to a significant decline in the US market. Williams noted that Just Eat's performance improved towards the end of the quarter, indicating potential recovery. Both articles highlight the contrasting fortunes of these two delivery giants, with Deliveroo capitalizing on growth in its core markets while Just Eat grapples with challenges abroad.
How we got here
Deliveroo and Just Eat are major players in the food delivery market, facing fluctuating consumer demand and competition. Recent economic conditions have prompted both companies to adapt their strategies to maintain growth and profitability.
Common question
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How Did Deliveroo's Q3 Results Compare to Just Eat's?
In the competitive landscape of food delivery, Deliveroo and Just Eat have recently reported their Q3 results, revealing contrasting fortunes. Understanding these results can shed light on the current state of the food delivery industry and what it means for consumers and investors alike. Below, we explore key questions surrounding these results and their implications.
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How is Consumer Behavior Impacting Food Delivery Services Like Deliveroo and Just Eat?
Consumer behavior plays a crucial role in shaping the food delivery landscape, influencing how companies like Deliveroo and Just Eat adapt to market demands. As these companies navigate fluctuating consumer preferences and economic challenges, understanding the trends can provide insights into the future of food delivery services. Below are some common questions regarding the impact of consumer behavior on these delivery giants.
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What are the regional differences in performance for Deliveroo and Just Eat?
As food delivery giants Deliveroo and Just Eat navigate a challenging consumer landscape, their performance varies significantly across different regions. Understanding these differences can shed light on their strategies and future growth potential. Below, we explore key questions about their regional performances and the challenges they face.
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What Does the Future Hold for Deliveroo and Just Eat?
As the food delivery market evolves, major players like Deliveroo and Just Eat are facing unique challenges and opportunities. With recent financial results highlighting contrasting performances, many are left wondering how these companies will adapt to changing consumer preferences and market dynamics. Below, we explore key questions about their future strategies and innovations.
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What are the key differences between Deliveroo and Just Eat's business models?
As two of the largest players in the food delivery market, Deliveroo and Just Eat have adopted distinct business models that influence their performance and customer engagement. Understanding these differences can shed light on their financial outcomes and future sustainability. Below, we explore common questions about their strategies and market positions.
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What are the latest consumer trends in online food delivery?
As the online food delivery market evolves, understanding the latest consumer trends is crucial for both businesses and customers. Recent reports from major players like Deliveroo and Just Eat reveal shifting preferences and emerging challenges in the industry. This page explores key trends, technological impacts, and competitive dynamics shaping the future of food delivery.
More on these topics
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The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom or Britain, is a sovereign country located off the northwestern coast of the European mainland.
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Ireland is an island in the North Atlantic. It is separated from Great Britain to its east by the North Channel, the Irish Sea, and St George's Channel.