Deliveroo reduced loss to £31.8m in 2023 from £294.1m in 2022 due to lower marketing costs and improved delivery network efficiency.

Deliveroo, the UK-based food delivery firm, announced a reduced loss of £31.8m for 2023, compared to £294.1m in 2022. The company has attributed this success to reduced marketing costs and improved delivery network efficiency, despite a decline in the total number of orders. The total value of orders increased by 3% due to inflation, and Deliveroo anticipates moving into positive cash flow in 2024.

March 14, 2024
7 Articles

Further Reading