Takeaway.com posts operating loss of $224 mln

Just Eat Takeaway.com reported a better-than expected operating loss on Tuesday (August 17).

The food-ordering firm lost $224 million for the first half of the year.

Analysts had forecast numbers well beyond that of around $256 million.

Strong order growth during lockdowns saw sales rise by just over a half to about $3 billion.

Chief executive Jitse Groen said that Just Eat Takeaway.com invested heavily in operations in the first six months of the year.

The company also repeated its full-year forecast for a loss of 1 to 1.5% of its gross transaction value.

Takeaway competes in various markets against the likes of Deliveroo and Uber Eats.

The firm said it aims to sell its 33% stake in iFood of Brazil, though it had rejected an offer of $2.7 billion.

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