Deliveroo Posts First-Ever Profit, Sees Further Improvements

Deliveroo Plc reported its first ever profit as it increased or held on to market share and forecast further improvements this year.

Adjusted earnings before interest, taxes, depreciation and amortization reached £85.4 million ($109.3 million) for 2023, compared with a loss of £45 million the previous year, it said in a statement. That beat the average analyst estimate of £81.6 million.