Deliveroo plc Class A ( (GB:ROO) ) has issued an update.
Deliveroo has announced its decision to exit the Hong Kong market by selling certain assets to foodpanda and closing others, citing market-specific dynamics and a commitment to disciplined capital allocation. The Hong Kong operations, which accounted for 5% of the Group’s Gross Transaction Value in 2024, have been negatively impacting international growth and remain EBITDA negative, prompting the strategic move.
More about Deliveroo plc Class A
Deliveroo plc is a prominent player in the food delivery industry, offering services that connect consumers with a wide range of restaurants and grocery partners. The company focuses on leveraging technology to provide efficient and convenient food delivery solutions to its customers.
YTD Price Performance: -11.84%
Average Trading Volume: 4,997,974
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.83B
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