Global Industry: Just Eat Takeaway.com returns to profitability

Bremerhaven. (bm) Just Eat Takeaway.com reported a trading update for the third quarter of 2022. After two years of significant investment following the merger and the pandemic, Chief Executive Jitse Groen is pleased that the Company has returned to profitability earlier than anticipated. According to the release, the focus on profitability delivered material improvements to Revenue per Order, Delivery costs per Order and Overheads + Opex. As a result, the Company was Adjusted Ebitda positive in Q3-2022, materially ahead of prior guidance and is on track towards its long-term target margins. Other topics of the week: