Shares of Delivery Hero rose on Wednesday after the German food delivery company said it met its 2023 financial goals in turning in its first-ever full-year profit.
The Berlin-headquartered company, which owns food delivery platforms including Foodpanda and Glovo, beat expectations with adjusted EBITDA of 253.3 million euros ($271.1 million) in 2023, versus 18 analysts' expectations of 199.9 million euros. .
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