Just Eat Takeaway earnings

Just Eat Takeaway reported strong financial results for the first half of 2024, including a 42% increase in adjusted EBITDA to €203 million, despite a slight decrease in total revenue from €2.59 billion to €2.57 billion. The company's gross transaction value (GTV) grew by 3% when excluding North America, driven by growth in its partner base and enhanced delivery coverage. CEO Jitse Groen emphasized ongoing improvements in profitability and operational efficiency, confirming the company's full-year guidance and announcing a new €150 million share buyback program. Performance varied across regions, with notable growth in the UK and Ireland, while North America faced challenges with a 9% decline in GTV due to increased competition. The firm continues to explore options regarding its Grubhub unit in the U.S. and reported a net loss of €301 million primarily due to depreciation and write-downs.