Deliveroo Stock Has Got What It Takes To Deliver Monumental Gains
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Deliveroo's UKI division experienced 9% GTV growth in Q4, with overall group GTV up 6% despite FX challenges. Revenue increased by 4%, and net profitability is expected for FY24. The company forecasts adjusted EBITDA of £132.7 million, surpassing guidance.
January 25, 2025 | 7:15 am
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Deliveroo's UKI division saw significant growth, with a 9% increase in GTV in Q4 and a 6% rise in overall group GTV. Revenue grew by 4%, and net profitability is anticipated for FY24, with an adjusted EBITDA forecast of £132.7 million.
The positive growth in GTV and revenue, along with the expectation of net profitability and an adjusted EBITDA forecast above guidance, suggests a favorable short-term impact on Deliveroo's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100