From Morningstar: 2025-04-23 13:25:00

Just Eat Takeaway reported first-quarter 2025 trading update with flat year-over-year gross transaction value and total orders down 6%. Prosus is set to acquire the company in an all-cash deal worth EUR 4.1 billion, expected to close by year-end pending regulatory approvals. The deal values each share at EUR 20.30. Management aims for 4%-8% GTV growth in 2025.

Excluding the rest of the world segment, Just Eat Takeaway’s first-quarter gross transaction value was up 2% year over year in constant currency. Europe GTV increased 1%, and the UK and Ireland segment saw a 3% increase. The company is confident in achieving its 2025 targets and reiterated its EBITDA guidance of EUR 360 million-EUR 380 million and free cash flow target of EUR 100 million.



Read more at Morningstar: Just Eat Takeaway: Sales Flat Ahead of Prosus Deal