Amsterdam-based food delivery company Just Eat Takeaway.com has adjusted its full-year earnings guidance and introduced a €150 million ($158.6 million) share buyback program following the reporting of strong gross transaction value (GTV) growth in most of its business segments.

The company now anticipates full-year adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to reach approximately €310 million, a notable increase from its prior guidance of €275 million.

While the industry’s key metric, gross transaction value, is expected to decrease by around 4% this year, this figure represents a shift from previous forecasts ranging from a negative 4% to a positive 2% growth.

In the third quarter, GTV reached €6.47 billion, compared to €4.92 billion for the same period last year. Specifically, Northern Europe and the U.K. and Ireland demonstrated substantial growth, increasing by 6% and 4%, respectively, while North America experienced an 18% decrease.

Notably, Just Eat Takeaway.com is anticipating a free cash flow break-even status in the second half of this year, with a positive trajectory going forward.

Jitse Groen, the company’s CEO, emphasized, “Although the recovery of North America is on a slower trajectory, we are satisfied that this segment too is rapidly becoming cash flow neutral.”

Despite processing fewer orders, with 217.9 million in the third quarter compared to 235.3 million during the same period the previous year, Just Eat Takeaway.com remains active in exploring the potential partial or full sale of Grubhub. However, the company cautioned that there is no certainty regarding the timing or details of any potential deal.