Deliveroo posted narrowed loss of $309M, with gross transactions surging to $5.7B in 2020, EITF shows

Deliveroo posted narrowed loss of $309M, with gross transactions surging to $5.7B in 2020, EITF shows

3 years ago
Anonymous $hYN7Hy7o7J

https://techcrunch.com/2021/03/08/deliveroo-posted-narrowed-loss-of-309m-with-gross-transactions-surging-to-5-7b-in-2020-eitf-shows/

The clock has officially started ticking on Deliveroo’s plans to go public in April. After announcing last week that it planned to list on the London Stock Exchange, today the on-demand food delivery company backed by Amazon and others published selected updated financials for the previous fiscal year, along with its Expected Intention to Float (EITF) — a more formal document that marks the two-week period until the company publishes its prospectus and, at the start of April, embarks on its subsequent IPO.

The bottom line is that Deliveroo is still unprofitable. It posted a 2020 underlying loss of £223.7 million ($309 million), but that figure was down by nearly £100 million from 2019, when it chalked up a loss of £317 million ($438 million). It did not disclose revenues (sometimes called turnover) in today’s statement.

Last Seen
40 minutes ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
3 hours ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
a couple of minutes ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
about an hour ago
Reputation
0
Spam
0.000
Last Seen
16 minutes ago
Reputation
0
Spam
0.000