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.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.