(Video Transcript)

Deliveroo H1 results

Deliveroo, a company that delivers food by bicycle, has announced impressive profits for the first half of the year in the UK. This means more customers are using their services and spending more money with each order. As a result, Deliveroo’s share price has also gone up.

However, it is important to note that the stock is still lower than its highest point in April. Despite a net loss of 71 million pounds, Deliveroo’s overall profit for the first half of the year is 39 million pounds, which is better than expected. In fact, Deliveroo plans to give back an additional 250 million pounds to investors and is even considering paying regular dividends to shareholders. The company has a lot of cash on hand, which helps make these plans possible.

Share price

It’s worth mentioning the context of Deliveroo’s stock performance. Although the stock briefly reached its peak at 390 pence in April, it has faced challenges and hasn’t fully recovered. However, the company’s recent performance has exceeded expectations, leading to an increase in their share price.

To summarise, Deliveroo has performed well in the UK market, earning higher profits and seeing an increase in transaction values. This success has had a positive effect on their stock price.

The company wants to reward investors by returning surplus cash and possibly starting a regular dividend. However, it is important to note that they are still operating at a net loss and their stock has not fully recovered from previous declines.