Deliveroo made a net profit of £1.3 million ($1.7 million) in the six months through June, bouncing from a loss last year.
Deliveroo, which is backed by e-commerce giant Amazon, made a net profit of £1.3 million in the six months through June, bouncing from a loss in the same period of last year.
The company, which is backed by e-commerce giant Amazon, said in its first-half earnings release on Thursday that it made a net profit of £1.3 million in the six months through June, bouncing from a loss of £82.9 million in the same period last year.The company's result followed what it called an"positive inflection" in consumer demand,"with frequency returning to growth and retention improving, supported by improvements in our consumer value proposition .
Deliveroo also reported positive free cash flow of £3.2 million in the first six months of the year, up from negative free cash flow of £27.7 million in the same period of 2023.
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