Deliveroo profits break even despite dwindling order volume

Deliveroo riders in Manchester

In a trading update, Deliveroo said that full-year profitability for 2022 as a percentage of gross transaction value (GTV) would be ahead of expectations at -1% for all operations, ahead of the previous -1.2% to -1.5%. 

The food delivery business said it expected adjusted EBITDA for the second half of 2022 to be breakeven, a “significant” improvement on the -3.2% reported in the first half of the year. 

 

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