Deliveroo reported a pretax loss of £147.3 million in the first six months of the year, up 54% from the same period a year ago. The U.K. food delivery firm said it is consulting on plans to exit the Netherlands, the latest withdrawal from a major European market following its retreat from Spain and Germany.
Will Deliveroo be liable for legal costs relating to delivery riders?
Deliveroo has set aside more than £112m to cover potential legal costs relating to the employment status of its delivery riders. It warned potential investors of the risk of litigation around the world in documents setting out its plans for a stock market debut published on Monday.
What happened to Deliveroo's gross transaction value?
Deliveroo’s gross transaction value — which measures overall sales on the platform — grew 7% to £3.6 billion, lackluster growth compared to last year when GTV doubled in the first half. The company blamed the disappointing performance on “challenging market conditions.”
