Deliveroo Reports First Annual Profit Since Founding

The food delivery company posted a £2.9m profit for 2024, marking a turnaround after years of losses and a troubled stock market debut.

Deliveroo achieved a £2.9 million net profit in 2024, a significant improvement from a £31.8 million loss in 2023.
Revenue rose 2% to £2.1 billion, with total order numbers also increasing by 2% to 296 million transactions.
The company has expanded beyond food delivery into grocery and retail partnerships, which contributed to its growth, though competition remains intense in key markets.
Deliveroo exited several markets, including Hong Kong, Spain, and Australia, to focus on profitability in its core regions like the UK, Ireland, and select international locations.
Despite the profit milestone, Deliveroo's share price fell by nearly 5% following concerns over future growth in a challenging economic environment.