Talabat CEO: Still the Leader in All of Our Markets
Market Intelligence Analysis
AI-PoweredTalabat reported a 15% year-on-year increase in full-year adjusted profit to $451 million, with plans to invest $100 million to grow its subscriber base.
Market impact analysis based on bullish sentiment with 90% confidence.
Article Context
Food delivery giant Talabat has reported full year adjusted profit of $451 million -- that's a jump of 15% year on year. The Dubai-headquartered firm plans to invest $100 million this year to grow its subscriber base across its verticals. Toon Gyssels, CEO, Talabat spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche on their performance and competition from other delivery apps. (Source: Bloomberg)
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