Chief Executive Will Shu, who co-founded the business in 2013, said the performance overall was “really strong”.
“We are improving profitability whilst we’re still growing,” he said. “Orders returned to year-on-year growth and GTV (gross transaction value) momentum is good.”
The group, which has 662 million pounds ($841 million) of cash, said it would buy back 150 million pounds of stock.
Shares in Deliveroo, which competes with Uber Eats and Just Eat Takeaway, rose 9% to 139 pence.
Shu said consumer sentiment was more stable, although it would be a stretch to call it positive. “We’re cautiously optimistic, we see less headwinds than we did before,” he said.
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He said Deliveroo had improved its loyalty programme, adding a 10% credit award on orders over 30 pounds for its Plus Gold members and introducing a Plus Diamond for its top customers, who would be able to access exclusive restaurants. “Plus customers are much more engaged on our platform than non-Plus customers, and Plus is over 40% of global order volume now,” he said.
Deliveroo upgraded its forecast for full-year core earnings to the upper half of 110 million to 130 million pounds range after reporting a better-than-expected 57% rise to 61.7 million pounds in the first half.
It reported net profit of 1.3 million pounds ($1.65 million), compared to an 83 million pounds loss a year ago, and free cash flow of 3.2 million pounds for the period.
($1 = 0.7869 pounds)
