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Food delivery business Just Eat Takeaway saw its marketing expenses grow by 40% to $421.64 million (414 million euros) during the first half of the year. As delivery orders decreased by 7%, it announced it is actively exploring a partial or full sale of U.S. asset Grubhub, which it only acquired a year ago.
Despite the slowing of orders year over year, the company reported revenue growth of 7% to $2.85 million (2.8 million euros) with Northern Europe alone generating profits of $126 million (124 million euros) during the first six months of 2022 where it processed 148 million orders.
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