Just Eat, the global marketplace for online food delivery, has reported results for Q3, the three and nine months to 30 September 2017.
Revenues were up 47% to £138.6m (Q3 2016: £94.5m) driven by strong order growth and the inclusion of SkipTheDishes, Just Eat's Canadian online food delivery firm. On a currency neutral basis, revenues grew by 44%.
Total orders were up 29% to 43.1 million (Q3 2016: 33.3 million), and UK orders were 26.2 million (Q3 2016: 21.4 million), up 22% against a comparative period that was impacted by unseasonal weather conditions.
International orders were up 43% to 16.9 million (Q3 2016: 11.8 million), driven by triple digit pro-forma order growth from SkipTheDishes.
During the period, the proposed acquisition of Hungryhouse received provisional clearance from the Competition and Markets Authority.
Given the continued strength of SkipTheDishes, driven by commensurate investment, the group is raising its previous revenue guidance for full year 2017 of £500-515m to between £515-530m, and retain that of underlying EBITDA of between £157-163m.
Peter Plumb, CEO commented, “The Just Eat team has once again delivered another period of strong growth. As I get to know the company, it is great to see the UK business in good health and positive momentum across our international markets, particularly in Canada where SkipTheDishes’ delivery expertise and relentless focus on customer service are driving excellent results. We will continue to invest for growth in technology, marketing and great people.”