Deliveroo and Just Eat face deadlines to deliver profits 

Down more than 25% this year, Delivery Hero and Just Eat’s share performance contrasts with strong gains for US peers

While adjusted earnings suggests some recent improvement, the food delivery sector’s actual losses are higher. File photo: Gareth Chaney/Collins

A challenging period for Europe’s food delivery firms has left investors questioning whether they can turn a profit, as demand fades from pandemic-era levels.

Delivery Hero, Just Eat, and Deliveroo have lost more than 75%, or over €45bn, in combined market value since a September 2021 peak. Concerns about their longer-term potential are mounting.