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Gloucestershire Business News

Deliveroo losses shrink

Deliveroo made a £245.6 million loss last year - an improvement on its £290.1 million loss in 2021.

The food delivery business said profitability had improved during the second half of the year, with earnings 'significantly ahead of expectations', as reported by This is Money.

Deliveroo said it had taken steps to 'optimise consumer fees' last year, including making sure delivery fees aligned with delivery distances and 'adjusting the balance between delivery fees and service fees'.

It has also been cutting costs and streamlining services through order stacking - when a driver picks up two orders at the same time.

In 2022, Deliveroo's average monthly active consumers reached 7.4 million, up from 2 million in 2021. Average order frequency in 2022 was 3.4 times per month, with gross transaction value at to £22.90.

Deliveroo expects to make around 300 UK workers redundant this year, after growing its headcount very quickly during the pandemic.

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