Just Eat Takeaway orders grow again after 55 months of decline, Prosus says

Just Eat Takeaway’s orders grew year on year in September for the first time in 55 months, its owner Prosus said on Thursday. Chief executive Fabricio Bloisi gave the figure in a letter to shareholders that also covers iFood, Prosus’s food delivery business in Brazil.

Prosus said in a regulatory statement that its auditor has not yet reviewed the figures. When Prosus took control of Just Eat Takeaway (JET) in December, JET’s orders were falling 9% a year, Bloisi wrote.

A chart in the letter shows JET’s order growth improving from minus 9% in December 2025 to minus 7% in March and minus 4% in June. In September it reached 0.1%.

Bloisi said Prosus worked on technology, logistics, product, retention and marketing at JET. He called it the playbook the company has used in Brazil.

“Obviously this is just the first step and we expect to keep expanding growth, but getting back to growth marks an important milestone, and the team has earned it,” Bloisi wrote.

Prosus set out its plans for JET in May, as part of its European push .

In Brazil, Bloisi wrote that competition has intensified over the last 18 months. The letter does not name the rivals.

“Competitors are spending irrationally (~$150 million burn per month) and losing A LOT of money,” Bloisi wrote.

iFood still holds about 80% of the app market nationwide, according to Prosus. It says iFood lost about five points of share. Market leaders in other countries lost about 20 points under similar pressure, it says. A chart in the letter names those markets as China, the UAE and Saudi Arabia.

Prosus says sales of iFood’s cheaper Hits products grew 70% against the prior six months. It says rivals’ similarly priced products burn ten times more per order through subsidies. iFood’s businesses outside food delivery are growing revenue almost 50% a year and now bring in about 40% of its revenue, according to the letter. Prosus says its Brazilian ecosystem has 80 million recurring customers.

Bloisi wrote that OLX is growing strongly and profitably, Despegar is growing more than 20% and PayU is profitable. Those businesses give Prosus earnings strength while it invests more in JET and iFood, he said.

“We are consciously trading short-term profitability for a stronger, more defensible, and faster-growing business longer term,” Bloisi wrote.

In June, Prosus reported that its profit roughly doubled in its last financial year. In July, Uber agreed a $14.8bn Delivery Hero takeover .