Management remarks
Call period: 2026 Q2 · 2026-08-05
Guidance: Ravi Inukonda: And if you're thinking about the second half from a margin perspective, I would expect us to land inside the range of the guidance that we've given in Q3.Demand and orders: Ravi Inukonda: So comping against what was a strong Q2 of last year and still putting up the strong numbers in Q2, that's a true testament to, a, the demand that we're seeing in the business as well as the underlying improvements in product.Analyst Q&A
Analyst Douglas Anmuth asked: I know you don't manage for take rate, but I just wanted to get a little bit more color just on net revenue margin and the pickup that you saw kind of in 2Q. Just trying to understand some of the drivers there in terms of how much might have been Deliveroo contribution versus advertising and fee changes and how you think about that going forward? Management Ravi Inukonda answered: Look, Dasher costs are seasonal for us. When you go from Q1 to Q2, Dasher costs are lower in Q2. That's what gave rise to sort of the tick up in take rate that you saw from Q1 to Q2. And if you're thinking about from a modeling perspective, what I would expect for the rest of the year, I'd expect take rate to slightly be in the similar range in Q3, so flattish from Q2 to Q3, and lower in Q4. Again, as a reminder, I mentioned this before, Q4 Dasher costs are higher for us.管理层陈述
电话会期间：2026 Q2 · 2026-08-05
指引：拉维·因孔达表示：从利润率角度来看，如果考虑下半年，我预计我们的业绩将落在我们第三季度给出的指引区间内。需求与订单：拉维·因孔达表示：与去年表现强劲的第二季度相比，今年第二季度仍交出亮眼数据，这切实证明了我们业务所面临的需求以及产品的潜在改进。分析师问答
分析师道格拉斯·安穆思：我知道你们不会以佣金率为管理目标，但我想更多了解二季度净收入利润率的提升情况，想明确其中有多少来自Deliveroo的贡献、广告和费用调整，以及你们对未来的展望？管理层拉维·因昆达：配送员成本具有季节性，一季度到二季度期间，二季度的配送员成本更低，这正是一季度至二季度佣金率上升的原因。展望今年剩余时间，我预计三季度佣金率将与二季度基本持平，四季度则会下降。再次提醒，四季度我们的配送员成本会更高。This earnings-call research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报电话会研究基于公司公告、监管文件、财务报表，以及真实电话会文字稿或官方回放整理。内容仅供参考，不构成投资建议。
