Just Eat Takeaway.com, the Amsterdam-based food-delivery group, has announced a narrowed net loss in the first half of 2023. The company reported a net loss of 241 million euros ($311 million) for the period, compared to a loss of EUR3.54 billion in the same period last year.
Despite the improved performance, Chief Financial Officer Brent Wissink has expressed his intention to resign in order to pursue other opportunities.
In terms of financials, adjusted earnings before interest, taxes, depreciation and amortization reached EUR143 million, an improvement from a loss of EUR134 million in the prior year. Revenue for the period declined to EUR2.59 billion from EUR2.78 billion. Similarly, gross transaction value, a significant industry metric, decreased to EUR13.22 billion from EUR14.19 billion.
Just Eat Takeaway.com also revealed its plans to actively explore the partial or full sale of its U.S. subsidiary Grubhub.
Looking ahead, the company reaffirmed its full-year guidance, which includes an expected gross transaction value growth between negative 4% and positive 2%. The company anticipates a return to growth that will be skewed towards the end of the year. Furthermore, Just Eat Takeaway.com expects adjusted earnings before interest, taxes, depreciation and amortization to reach approximately EUR275 million.
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