Deliveroo saw losses spike in the first half of 2025 as costs associated with the delivery company’s planned acquisition by US giant DoorDash stacked up.
Following a choppy few years as a public company, Deliveroo announced it had struck a deal to be scooped up by rival DoorDash in May for £2.4bn.
The UK company posted a loss of £19.2m in the first six months of the year, according to its interim financial results, after reporting 2024 as its first full year of profit in March.
Deliveroo said the fall back into the red was due to “exceptional” costs relating to the acquisition. The company added it expected the deal with DoorDash to be completed in Q4 this year. Regulatory approval is still ongoing.
H1 also saw revenues at Delveroo increase 8% compared to the same period in 2024, hitting £1bn, the company reported.
Founded in 2013 by childhood friends Will Shu and Greg Orlowski, Deliveroo quickly became one of the best-known startups in the UK.
But since floating on the London Stock Exchange for a valuation of £7.6bn the company has seen its share price plummet, laid off staff and retreated from a number of international markets.
The DoorDash acquisition will see shareholders receive 180p in cash per share, a big drop from the 390p price Deliveroo opened with in 2021.
Shu is set to make £170m as a result of the deal.
Read the orginal article: https://sifted.eu/articles/deliveroo-losses-spike-due-to-doordash-buyout-costs/
