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reports Just Eat’s core loss shrinks, profit estimates held

Reuters: Just Eat Takeaway.com, Europe’s largest meal delivery provider, reported a reduced core loss and below-forecast sales.

Refinitiv data shows revenue of 2.78 billion euros, compared to 2.6 billion euros in the first half of 2021. Analysts expected 2.8 billion euros.

Takeaway reported a negative of 134 million euros in adjusted EBITDA, compared to a loss of 189 million euros a year earlier.

“Our path to profitability is accelerated,” CEO Jitse Groen stated. “We intend to continue considerably improving our adjusted EBITDA in the second half of this year and to be adjusted EBITDA positive at a group level in 2023.”

$1=0.9824 euros

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