Amazon-backed Deliveroo Surges to First-Ever Profit in First Half of 2024, Reports 'Positive Inflection' in Consumer Demand

2024-08-08 35

Deliveroo achieved its first-ever profit in the first half of 2024, earning over $1 million after a significant loss the previous year. Orders on the Amazon-backed food delivery platform grew slightly in the first half of the year, with an increase in gross transaction value. The London-based company saw a "positive inflection" in consumer demand, with order frequency returning to growth and improved retention. Shares jumped 8% on the news.

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