Just Eat Takeaway.com, the Amsterdam-based online food delivery platform, has released its financial report for 2024, highlighting key developments in its business performance. The company, which has been undergoing strategic shifts, detailed its revenue, transaction values, and profitability metrics. As Prosus continues its efforts to acquire Just Eat Takeaway, these financial results provide insight into the company’s current position and future outlook. The sale of Grubhub, operational adjustments across multiple regions, and ongoing share buyback programs were among the notable aspects of this report.
Financial results from previous years show that Just Eat Takeaway has made significant changes to its operations. In 2023, the company had already begun restructuring its business by selling certain assets and improving efficiency in delivery services. The 2024 report builds on these efforts, reflecting continued revenue adjustments and cost management strategies. Compared to earlier years, there has been a shift in focus from aggressive market expansion to improving profitability through operational refinements and strategic divestments.
How did Just Eat Takeaway perform financially in 2024?
The company reported a total revenue of €5.09 billion for 2024, marking a slight 1% decline from the previous year’s €5.15 billion. Gross Transaction Value (GTV) for the group, excluding North America, saw a modest 2% growth in constant currency. However, when including North America, GTV fell by 2% to €26.3 billion. Despite these fluctuations, adjusted EBITDA rose significantly to €460 million, up from €339 million in 2023, mainly due to cost efficiencies in the UK and Ireland.
What were the regional financial trends?
Performance varied across different regions. In Northern Europe, GTV increased by 4% to €8 billion, with revenue growing by 7% year-over-year. The UK and Ireland also saw a 4% rise in GTV, and adjusted EBITDA improved by 62% to €219 million, driven by better cost management. Meanwhile, Southern Europe and Australia experienced smaller losses, with adjusted EBITDA improving slightly from -€82 million to -€80 million. In North America, EBITDA rose by 35% to €170 million, largely due to reduced marketing expenses and workforce adjustments.
The company’s strategic focus included portfolio optimization, evidenced by the sale of Grubhub to Wonder for $650 million. This transaction, completed in January 2025, contributed to an overall reduction in net losses, which improved from -€1.85 billion in 2023 to -€1.65 billion in 2024. Just Eat Takeaway stated that these efforts have allowed it to become a “more focused, faster-growing, and more profitable business.”
“Following the sale of our US operations, Just Eat Takeaway.com has become a more focused, faster-growing, and more profitable business,” said Jitse Groen, CEO of Just Eat Takeaway.com.
Cash and cash equivalents decreased to €1.3 billion by the end of 2024, reflecting share buyback expenditures and repayment of convertible bonds. The company repurchased €447 million worth of shares over the past two years and canceled approximately 5% of issued shares in October 2024. By early 2025, Just Eat Takeaway held over 11 million shares in treasury.
The company’s financial results indicate a continued emphasis on cost efficiency and targeted investments. With Prosus proceeding with its acquisition, Just Eat Takeaway’s restructuring efforts and operational refinements will likely be key factors in shaping its future trajectory. Investors and stakeholders will be watching how the company balances profitability and growth as it moves into the next phase of its business strategy. As the food delivery industry evolves, maintaining competitive pricing, expanding profitable partnerships, and managing operational expenses will be critical to sustaining long-term success.
