Just Eat Takeaway orders grow again after months of decline, Prosus says
Prosus says its food delivery businesses, including Just Eat Takeaway (JET) and Brazil’s iFood, returned to order growth in September after a long period of decline. The company attributes the shift to investments in technology, logistics, product, retention, and marketing. The regulatory note warns that auditors have not yet reviewed the figures. This explainer breaks down what happened, who is affected, and practical next steps.
What changed and how it was measured
Prosus reported that Just Eat Takeaway’s order volume declined for 55 months in a row, then in September showed a year-on-year growth of 0.1% (essentially flat but higher than the previous months). The company presented this data in a shareholder letter and noted that an auditor has not yet signed off the figures. The change is described as a milestone because it marks the first positive move after a long period of declines that started after Prosus took control in December of the prior year.
Key facts you should know
- Entities involved: Just Eat Takeaway (JET) and Prosus, with mention of iFood, Prosus’ Brazilian delivery arm.
- Metric described: order growth year over year; September showed 0.1% growth after several negative months.
- Context: Brazil’s iFood reportedly has a large market share in the Brazilian delivery app space (about 80% in the source context).
- Auditors: Prosus says the prior-period figures have not yet been reviewed by its auditors.
Who is affected
Shareholders and investors in Prosus and its consumer tech portfolio are directly affected because the company frames this as a turnaround milestone. Workers and customers using Just Eat Takeaway and iFood may be impacted indirectly through ongoing investments in technology and growth initiatives. The report emphasizes growth strategies rather than immediate earnings results.
Practical next steps and what to watch
- Follow the regulator’s updates: The auditor’s sign-off on the figures will provide clarity on the reliability of the growth data.
- Monitor quarterly results: If growth continues, it could indicate the impact of technology and marketing investments, but consistent growth is needed for durable changes in market position.
- Note Brazil context: Market dynamics in Brazil for delivery apps remain competitive, with iFood holding a dominant share; any changes could affect JET’s performance there.
- For customers: Expect continued product and service improvements as the company tries to convert growth into better delivery experiences.
Limits and questions to consider
The reported growth is described as 0.1% for September and is not yet audited, which means it could be revised. The message focuses on growth milestones rather than a full profitability turnaround. It is not clear how much of the growth is driven by JET alone versus iFood or other parts of Prosus’ portfolio. The source notes that the data comes from a shareholder letter rather than a final financial release.
Which sources did Setup in Bahrain review?
Setup in Bahrain reviewed the following source material before preparing this explanatory article.
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- thenextweb.com — evidence source reviewed for this article.
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