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Deliveroo Guides For Higher Earnings, Positive Free Cash Flow
Deliveroo guided for further growth in its core earnings this year after its 2023 results were better than expected.
The food-delivery company expects its adjusted earnings before interest, taxes, depreciation and amortization—a metric that strips out exceptional and other one-off items—to be between 110 million and 130 million pounds ($141 million-$166 million) in 2024, it said Thursday. It guided for positive free cash flow for the year, and expects its gross transaction value to grow between 5% and 9%, with a first quarter...