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Deliveroo sees 2023 earnings slightly ahead of guidance

Deliver said it delivered a good performance in the UK and Ireland in the fourth quarter of 2023
Deliver said it delivered a good performance in the UK and Ireland in the fourth quarter of 2023

Meal delivery company Deliveroo said its 2023 earnings would be "slightly" ahead of the £60-80m it had guided, while the total value of orders on its platform had risen by 3%, in line with its forecasts.

Founder and chief executive Will Shu said the company delivered a good performance in the UK and Ireland in the fourth quarter, and its international business returned to growth.

"As we saw ongoing signs of stabilisation in consumer behaviour in the quarter, we continued to invest in the consumer value proposition to lay the foundations for future growth," he said.