Deliveroo plans more cash for shareholders as profit nears

Deliveroo cut 9% of its workforce earlier this year, saying it needed to focus on profits in a “difficult consumer environment”

Adjusted earnings before interest, taxes, depreciation and amortization rose to £39m (€45m) for the first half of the year, the company said in a statement on Thursday. Picture Denis Minihane.

Deliveroo took strides toward hitting a profit in the first half of the year, continuing a trend of delivery companies rebounding after a rough post-pandemic period. 

The London-based delivery company also raised its earnings guidance for the full year to a range of £60-80m (€69-92m). It was previously at £20-50m (€23-57m).