Deliveroo forecasts earnings growth after positive end to 2022

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British meal delivery company Deliveroo said it would make up to $60 million in core earnings this year after achieving a better-than-expected positive margin in the second half of 2022

Shu said the improvement was driven by optimising consumer fees, lower marketing spend and new revenue from advertising on its platform.

Deliveroo said in January that the number of orders dropped by 2% in the final quarter, although inflation had helped the total value increase 6% to 1.8 billion pounds.Shu said it was "not the easiest time" for consumers, although sentiment "had improved slightly in the few weeks".Deliveroo said the first quarter of 2023 was expected to be broadly flat before improving, with gross transaction value for 2023 expected to grow by low to mid single digits.

 

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Great Britain is a generous market Hope the consumers are satisfied

I'm sure their workers had something to do with it

We need to invent the technology that will make humans honest. NO Human or Man Made RELIGIOUS Fanatic Can EVER be TRUSTED!

and, how are the worker's conditions going? Are they still pretending they're contractors?

scum

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