Deliveroo losses widen despite soaring revenues

Deliveroo bike

Deliveroo reported that losses had widened in its full-year results, with the delivery app vowing to break even in around two years’ time.

In 2021, Deliveroo recorded a loss before income tax of £298.2m, a change of 40% from 2020 when the figure stood at £212.6m.

Adjusted EBITDA fell to a loss of £131m compared with £11m the year prior, which Deliveroo attributed to increased marketing spend and technology investment. 

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