Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com -- Deliveroo (LON:ROO) raised its full-year core profit guidance on Thursday, now expecting adjusted EBITDA between £170 million and £190 million ($227 million to $254 million), the upper end of its previous range, as increased order volumes lifted transaction values on its platform.
The company, which agreed in May to be acquired by U.S.-based DoorDash (NASDAQ:DASH), said the deal remains on track, with completion anticipated in the fourth quarter of 2025.
"Assuming the acquisition completes in Q4, then DoorDash is buying a business in great shape," Jefferies analyst Giles Thorne said in a note.
In the second quarter, gross transaction value (GTV) came in at £3.79 billion, 1% below company-compiled consensus, while orders exceeded expectations by 1.4%.
For the first half, revenue of £1.04 billion missed the consensus by 1.3%, but adjusted EBITDA of £96.3 million beat by 10%.
"The 1H25 results have validated the idea that years of obsessing over the value proposition of the platform to all its stakeholders will return peer group leading GTV growth and profitability," Thorne added.
Deliveroo narrowed its constant currency GTV growth outlook to the top end of its earlier "high single-digit" range.
Medium-term targets remain unchanged, with the company still aiming for mid-teens GTV growth and adjusted EBITDA margins above 4%.