Deliveroo reports FY 2024 revenue up 2% YoY to £2.08B and a £2.9M net profit, up from a £31.8M loss in 2023, its first annual profit, and plans a £100M buyback
Kieran Smith / Financial Times :
Deliveroo exits Hong Kong after tough competition from Foodpanda and Meituan's Keeta, which has expanded to Saudi Arabia, with 1M weekly users, per Sensor Tower
Bloomberg :
Analysis: food delivery apps Deliveroo, Just Eat Takeaway, Delivery Hero, and DoorDash have racked up $20.3B in combined operating losses since they went public
DoorDash, Deliveroo, Delivery Hero and Just Eat Takeaway put new focus on profits, despite slower growth following the pandemic
Deliveroo reports adjusted EBITDA of £85M in 2023, its first-ever profit and up from a loss of £45M in 2022, after launching Deliveroo Shopping in November 2023
Deliveroo has logged its first-ever profit as it continues pushing past its restaurant roots.
Deliveroo reports H1 revenue rose 12% YoY to £1B as its pretax loss widens to £147M, up from £95M in H1 2021, and plans to exit the Netherlands in November
Paul Sandle / Reuters : Source: Deliveroo plc .
Deliveroo plans to introduce new ad space on its app and website in July, including selling ads on its order-tracker page, in its push to become profitable
Ivan Levingston / Bloomberg : Tweets: @ivanlevingston Tweets: Ivan Levingston / @ivanlevingston : A bit of 🍔 🚴 news this morning: Deliveroo is rolling out an ad platform to attract consumer brand bud...
Three European food delivery stocks, Delivery Hero, Just Eat, and Deliveroo, lost a combined $23.7B, more than half their market value, in the first quarter
Henry Ren / Bloomberg : Tweets: @ivanlevingston and @business Tweets: Ivan Levingston / @ivanlevingston : Brutal quarter for Europe's food delivery companies, especially Delivery Hero https://twitter...
Delivery Hero takes a 5.09% stake, worth around £400M, in rival Deliveroo, sending shares of Deliveroo up over 10% from £3.36 to £3.60 per share
Sam Shead / CNBC :
Deliveroo closed down 26% in its LSE debut, after pricing shares at £3.90, valuing it at £5.2B
Fall comes after food delivery company priced its shares at bottom end of range — Deliveroo's shares plunged 26 per cent in the company's London debut on Wednesday …
Spanish startup Glovo, which delivers restaurant take-out, groceries, and other items, raises €450M Series F led by Lugard Road Capital and Luxor Capital Group
On the heels of Deliveroo raising more than $2 billion ahead of its debut on the London Stock Exchange this week …