LONDON (Reuters) – Deliveroo said it aimed to reach breakeven in core earnings in around two years’ time and predicted a 15-25% rise in the value of gross transactions on its platform this year, a slowdown from 70% in 2021 when it was boosted by lockdowns.
The British food delivery company said on Thursday its adjusted core loss widened to 131 million pounds ($173 million) last year compared to a loss of 11 million pounds in 2020, reflecting increased marketing spend and tech investment.
($1 = 0.7590 pounds)
(Reporting by Paul Sandle; Editing by William Schomberg)
