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Deliveroo posts 4% rise in Q1 revenue, but orders slip

Deliveroo said its 'resilient performance' was driven by the British and Irish markets
Deliveroo said its 'resilient performance' was driven by the British and Irish markets

Meal delivery company Deliveroo has reported a 4% rise in revenue in its first quarter, although a 9% drop in the number of orders on its platform resulted in 1% lower gross transaction value (GTV).

Chief executive Will Shu said it was a "resilient performance", driven by the British and Irish markets.

The company said it was maintaining its guidance for the year for low to mid-single digit GTV growth and core earnings of £20-50m.