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Amsterdam , 17 August 2021 Half Year 2021 Results Revenue up 52 % ( 63 % excluding Grubhub ) to € 2.6 billion Just Eat Takeaway.com N.V. ( LSE : JET , AMS : TKWY , NASDAQ : GRUB ) , hereinafter the “ Company " , or together with its group companies “ Just Eat Takeaway.com " , one of the world's largest online food delivery marketplaces , hereby reports its financial results for the first six months of 2021 . JUST EAT Takeaway.com Statement of Jitse Groen , CEO of Just Eat Takeaway.com : " In the first six months of this year , Just Eat Takeaway.com continued to invest significantly , predominantly in the historically underinvested legacy Just Eat countries . Our consumer base , restaurant selection and order frequency have strongly increased , which will lead to improved profitability going forward . " ● ● ● ● Revenue on a combined basis¹ grew by 52 % to € 2.6 billion in the first six months of 2021 , compared with € 1.8 billion in the first half of 2020 , on a constant currency basis . Adjusted EBITDA² on a combined basis for Just Eat Takeaway.com was minus € 190 million in the first six months of 2021 , representing an adjusted EBITDA margin of minus 1.3 % of GTV , reflecting the significant investment efforts of the Company . In the first six months of 2021 , the Company invested predominantly in the historically underinvested legacy Just Eat markets , through its three strategic pillars : ( i ) supply expansion and roll - out of Delivery , ( ii ) brand awareness and share of voice and ( iii ) customer experience and value proposition , including price leadership . These investments have led to superior growth , and increased online share gains in many markets , including the UK and Australia . Given the widening of the price gap in consumer delivery fees versus its competitors , the Company has more flexibility to improve its adjusted EBITDA going forward . While the benefits from this development will already be visible in the second half of the year . Just Eat Takeaway.com will continue to invest significant amounts in providing the best and most affordable service to its consumers across the world . Just Eat Takeaway.com has reached the peak of its absolute losses in the first half of 2021. Improved profitability will be driven by the growth and increased scale of the business , flexibility from the widening price gap , product and technology improvements , operational efficiencies , as well as fee caps which are expected to partly fall away going forward . In the first six months of 2021 , Covid - 19 related commission fee caps and restaurant support initiatives amounted to € 142 million . While some of the fee caps have fallen or will fall away in the second half of 2021 , fee caps in some regions have been prolonged despite a previously announced timeframe linked to the end of the state of emergency or restaurants being able to operate at full capacity again . Fee caps are counterproductive and market disruptive as they will ultimately impact the revenue of partner restaurants caused by higher consumer prices , and slow - down further innovation and investment in the sector . Management believes that these fee caps are unlawful , and the Company will join the industry to oppose any extensions . In the first six months of 2021 , Just Eat in the UK added a record number of 58 million orders to 135 million orders , representing the highest absolute order growth in the sector , about double the ¹ The Grubhub business was consolidated from 15 June 2021 , and the Just Eat business was consolidated from 15 April 2020. These figures are presented as if the combination was completed on 1 January 2020 to provide comparable information for the full six months period . These numbers are unaudited . 2 Adjusted EBITDA is defined as operating income / loss for the period adjusted for depreciation , amortisation , impairments , share - based payments , acquisition and integration related expenses and other items not directly related to underlying operating performance 1