Food delivery apps like Deliveroo, Just Eat Takeaway, Delivery Hero, and DoorDash have collectively incurred $20.3 billion in operating losses since going public. Shares of these companies are trading below pandemic-era peaks as investors scrutinize their business models. Didi Global, a Chinese ride-hailing giant, reported a net loss of CNY1.4 billion in the first quarter, with revenue increasing by 15% to CNY49.1 billion.
China's @DidiGlobal Expands Loss by 22% to USD151.7 Million in Q1 Despite Record Rides https://t.co/bR7dWtzFRj
Didi posts 15% first-quarter revenue growth on strong demand for rides https://t.co/cDjb0VkCIP
China's Didi Global falls to first quarter loss on drop in $SPEV Xpeng income - Reuters https://t.co/LOw8MwzDG2
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Didi reports Q1 revenue up 15% YoY to ~$6.8B and a ~$190M net loss, in part due to higher sales and marketing costs, as well as higher driver fees (Bloomberg) https://t.co/55bwYAicpS 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/pnE5uowxKE
Didi Global’s net loss expanded 17% to CNY1.4 billion (USD186 million) in the first quarter from a year ago, according to the latest earnings report released by the Chinese ride-hailing giant today. Revenue soared 15% to CNY49.1 billion (USD6.8 billion). @DiDiGlobal https://t.co/oW5WrW6MHI
Didi’s revenue rose 15% in the March quarter, as China’s leading ride-hailing provider sustained a recovery on strong domestic demand https://t.co/0WHNwtr4O5
China's mobile transportation platform DIDI 1Q result: Revenue 49.1 billion yuan Adjusted EBITA 923 million yuan Net loss 1.35 billion yuan
Shares in Deliveroo, Just Eat Takeaway, Delivery Hero and DoorDash are all trading well below pandemic-era peaks as investors scrutinise their business models https://t.co/l6jOmWV5GP https://t.co/GsG60ChrtV
Analysis: food delivery apps Deliveroo, Just Eat Takeaway, Delivery Hero, and DoorDash have racked up $20.3B in combined operating losses since they went public (Financial Times) https://t.co/bzFAJ5t9qv 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/Fin4Dj9dj9
Food delivery apps rack up $20bn in losses in fierce battle for diners https://t.co/gJPlncCZ1H