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Future of British Business

Deliveroo’s Loss Beats Estimates on Higher Fees, Ad Sales

  • Company has proposed ending its operations in the Netherlands
  • Profitability gains are apparent despite sales weakness: Shu
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Deliveroo Plc’s loss widened less than analysts had estimated after the company generated sales from its new ad platform and increased average customer fees. 

The loss on adjusted earnings before interest, taxes, depreciation and amortization widened to about £68 million ($82.1 million) in the first half of the year, compared to a loss of £25.8 million a year earlier, the company said in a statement on Wednesday. That was better than the average analyst estimate for a loss of £73.3 million, according to a Bloomberg survey.