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  "documentTitle": "Deliveroo | Results Presentation Deck | 26 slides",
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      "text": "GTV growth rates shown at constant currency; adjusted EBITDA margin calculated as adjusted EBITDA as % of GTV",
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      "text": "1. Excellent progress on path to profitability, delivering positive adjusted EBITDA in H2 2022 - significantly ahead of expectations\n2. Strong execution on operational initiatives underpinning 2022 profit levers; strengthened CVP and executed on hyperlocal strategy leading to market share gains in key markets\n3. Good year of growth in challenging market conditions with gross profit up 30%, revenue up 14% and GTV up 9% year-on-year (7% in constant currency)\n4. Healthy balance sheet maintained with net cash of £1.0 billion (2021: £1.3 billion); new share purchase programme of £50 million\n5. 2023 guidance: Low- to mid-single digit GTV growth (at constant currency) and adjusted EBITDA in the range of £20-50 million",
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