Deliveroo Surprise Strength in Orders Provide Post-IPO Boost
- Gross transaction value gained 70% in 2021, top end of range
- 4Q GTV rose 36% while analysts estimated a rise of 28.3%
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Deliveroo Plc’s orders grew faster than expected in the fourth quarter, driving the firm to hit the top end of its full-year guidance and providing a lift after the stock languished since going public last year. Shares in the company gained as much as 6.1% in London on Thursday, the most since August.
Food delivery companies have been struggling to grapple with the end of the pandemic, with customers returning to work and regulators prepping new rules for gig economy workers.