Deliveroo Reports First Full-Year Profit After 12 Years

The food delivery company posted a £2.9 million profit for 2024, but operational challenges and stiff competition persist.

Deliveroo achieved its first-ever annual profit of £2.9 million in 2024, a notable turnaround from a £32 million loss in 2023.
The profit was largely driven by £28.5 million in finance income, while its core operations still recorded an operating loss of £12 million.
The company exited unprofitable markets like Hong Kong, focusing on its core UK and Ireland markets, which account for 61% of its revenue.
Grocery delivery accounted for 16% of its gross transaction value in 2024, with CEO Will Shu predicting it could surpass restaurant orders in the future.
Deliveroo faces strong competition from Just Eat and Uber Eats, and its shares fell nearly 9% after pushing back profit margin growth forecasts to 2026.