On Thursday, Deliveroo ROO.L, a UK-based food delivery company, announced a 4% increase in revenue for the first quarter. However, despite the increase in revenue,

there was a decline in the number of orders on the platform, resulting in a 1% drop in gross transaction value (GTV) due to a 9% decrease in orders.

According to Chief Executive Will Shu, the company's performance was "resilient," with the British and Irish markets driving growth. Despite the decline in orders, the company has maintained its guidance for the year, forecasting low to mid-single digit GTV growth and core earnings of between 20 and 50 million pounds ($25-$62 million) (фото-Môsieur J. [version 9.1] from Rouen, FRANCE/wikimedia).