Just Eat Reports 59 Per cent Revenue Growth in First Half of 2016

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LONDON, U.K. — Just Eat has released its interim results for the first six months of 2016, citing significant revenue growth. In the first half of the year, the takeaway food-delivery service’s revenues were up by 59 per cent from the same period last year.

Orders through Just Eat also increased by more than 50 per cent (to $64.9 million) in the six months ending June 30, 2016.

However, among the company’s seven established markets, Canada stood out as the only loss-making country, which is attributed to the country being in the relatively early stages of market development.

“Just Eat has made a very strong start to 2016. Our consistently strong performance across the business in the first half has delivered 55 per cent more orders compared to the same period last year for our 66,200 restaurant partners whilst driving impressive growth of both revenues and profit,” says David Buttress, CEO. “Particularly pleasing has been the continued scaling of our international markets in the period, highlighted by our success in creating the clear market leaders in Spain, Italy and Mexico.”

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