Deliveroo Plc said orders fell 9% in the first quarter as customers looked to save money by delivering less.
sers placed 72.1 million orders in the first quarter.
That was down from 78.8 million a year earlier, the London-based company said in a statement Thursday.
At constant exchange rates, total deal value fell 1 percent to £1.75 billion ($2.2 billion).
Chief Executive Will Shu said last month that while the company had been weathering a “very difficult consumer environment,” he was cautiously optimistic that things would start to improve this year.
Rival Just Eat Takeaway.com NV also reported on Wednesday that orders had fallen in the previous quarter, with the Dutch company saying it would focus on improving profitability.
Orders from Just Eat customers fell 14% to 227.8 million in the first quarter, Just Eat said in a trading update earlier this week.
Deliveroo has been losing money since home deliveries slowed after the end of the pandemic lockdown.
The stock has fallen 73% since its 2021 IPO. Last year, the company reported an operating loss of £245.6 million.
But Deliveroo pulled out of several markets last year, cutting its marketing budget and laying off staff.
In March, Deliveroo reported it would be profitable in the second half of 2022.
